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An investment in the Westpac Term PIE Fund (Term PIE Fund) works in a similar way to a Westpac term deposit, with the added advantage of having your investment income taxed at a lower rate if you're normally taxed at 33% or 38%. |
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| The Term PIE Fund |
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is a unit trust with investors acquiring units of $1.00 each |
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invests solely in a New Zealand dollar, interest bearing account with Westpac |
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works in a similar way to investing in a Westpac Term Deposit – investments are for a fixed term and fixed rate of return |
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offers some investors the advantage of having their investment income taxed at a lower rate - if they’re normally taxed at 33% or 38%. |
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| Income earned from investing in the Term PIE Fund is subject to Portfolio Investment Entity (PIE) tax up to 30%, the current maximum Prescribed Investor Rate (PIR). The Term PIE Fund may be a suitable investment option if you |
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are currently on a marginal tax rate of 33% or 38%, |
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are looking for a low risk investment, |
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have $5,000 or more to invest, |
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want to invest for a fixed term, and |
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want a competitive rate of return on your investment. |
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| *Only New Zealand residents may invest in the Term PIE Fund |
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| Fixed rate |
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| Fixed term |
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| Investment type |
Investment in a bank deposit |
Investment in a unit trust |
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| Minimum investment |
$5,000 |
$5,000 |
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| Applicable tax |
RWT
Current maximum rate 38% |
PIE Tax
Current maximum rate 30% |
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| Break or withdrawal fee |
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| Visit a Westpac branch to invest in the Term PIE Fund. You will need to provide |
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a current form of identification e.g. NZ driver's licence or passport |
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your IRD number |
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your Prescribed Investor Rate (PIR) |
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| > |
find your nearest Westpac branch |
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more info about Prescribed Investor Rate |
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