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Unit Trusts
After talking to my accountant he suggested that Unit Trusts might be more tax effective for me.
Other than my Kiwisaver I have no unit trust investments.
I'm looking for advice and recommendations on evaluating unit trusts.
My kiwisaver is with Fisher Funds so I was thinking of investing with them but I'm open to ideas
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Depending on your tax situation, PIEs could be either useful or something to be avoided.
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Look at
http://www.piefunds.co.nz/contact-us.html
I also use Platinum Funds in Australia. This has the complication of FIF for me but works well.
I wonder if by saying it would be more tax effective for you , your accountant isn't just saying it would be easier for him.
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Originally Posted by GTM 3442
Depending on your tax situation, PIEs could be either useful or something to be avoided.
Interesting comment. I have a few PIE investments that work well for me. What might be the disadvantage for an investor on a different tax rate? IOW who should avoid them?
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Originally Posted by fungus pudding
Interesting comment. I have a few PIE investments that work well for me. What might be the disadvantage for an investor on a different tax rate? IOW who should avoid them?
I think, one issue could be the inability to get a refund on PIE tax if the selected PIR on the investment was higher than you were entitled to during the year.
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