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Most Kiwi investors know about tax on their salary or earnt income, but far fewer understand how investment tax actually works.
In this episode, Tim and Brodie break down three of the most important tax concepts for investors: PIE tax, Foreign Investment Fund (FIF) tax, and the differences between the FDR and CV calculation methods. They explain why many investors receive tax reports this time of year, how overseas investments are taxed, when you may have choices around how your tax is calculated, and why fees and tax efficiency can have a significant impact on long-term returns.
Whether you're investing through KiwiSaver, managed funds, or holding overseas shares directly, this episode will help you better understand your obligations and opportunities as an investor.
This episode contains general information only and should not be considered tax or financial advice. Please seek professional advice appropriate to your circumstances.
If you have a question, suggestions, or a topic you would like us to cover, please send an email to: podcast@foxplan.nz
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The information shared on The Dollars & Sense Podcast is general in nature and does not consider your individual circumstances. Dollars & Sense exists purely for educational purposes and should not be relied upon to make an investment or financial decision. Tim Ellis (FSP778196) and Brodie Haggerty (FSP778174) are both Financial Advisers providing advice on behalf of FoxPlan Ltd. FoxPlan Ltd (FSP39630) is a licensed Financial Advice Provider. Important information can be found at www.foxplan.nz/disclosure