2019 PIE tax timeline

• Thursday 28 March: email sent advising the estimated PIE tax liability for all investors owing PIE tax
• Monday 1 April: last day to request a change in your PIR (Prescribed Investor Rate)
• Tuesday 9 April: once the last tax files have been received from each fund manager, another email will be sent advising the final PIE tax amount. When the final tax amounts have been calculated for all clients, cash will be set aside from your account to cover the PIE tax, and PIE tax certificates […]
  

We are getting closer to the end of the programme whereby we have established your InvestNow account and are ready to transfer the assets at, or around, March 31^st.  Thanks to the thousands of you who have selected InvestNow as your preferred service provider for managing your investment portfolio!

In early March we will be in touch, asking you to check/review/confirm a few things for your new InvestNow account – for example:

• Resident Withholding Tax (RWT) rate & Prescribed Investor Rate (PIR)
• Distribution […]
  

Making Deposits & Withdrawals

Deposits

To deposit funds, all you need is to know is the bank account details for our custodian and the unique identifier for your account.  Having logged in, click on Quick Actions and then click Deposit funds.  A pop-up will appear, with the details you need to transfer money from your nominated account.  It’s very important that you include your unique reference in each deposit you make.

Step 1 – Click “Quick Actions”

Step 2 – Click Deposit Funds to get […]

You would have heard from us last week, with regards to Rabobank New Zealand’s decision to close and wind up the Cash Advantage Fund (CAF).

Your options

1. Option A – instruct us to redeem all your units in the CAF
2. Option B – instruct us to facilitate a switch to the AMP Capital NZ Cash Fund (NZ Cash Fund)

If you do not select an Option by March 7^th, we will redeem all your units and credit the proceeds to your InvestNow Transaction Account.

Key dates?

• February 20^th – we wrote to all […]
  

When you buy or sell managed funds with InvestNow, we will apply a number of statuses, reflecting the most recent action taken for each order:

• Pending
• Approval required
• Processing
• Completed
• Cancelled

If you have ever wondered what each of the statuses mean, and the impact it has on when you will receive units/cash etc – there’s an FAQ for that.

Can I receive my Passcode as a text message (instead of an e-mail)?

Yes you can, just follow these simple steps:

1. Login to your InvestNow account.
2. Click on the Profile icon – it’s the head and shoulders icon at the right hand end of the page.
3. Click the “Edit” link alongside the “My details” option.
4. Towards the bottom of the page there is another “Edit” link, for your login security preference.  Click this link and then select the “Send a security code to my mobile phone” option […]
   

AMP Capital strategy changes

AMP Capital have advised us of the following changes in their investment strategies:

AMP Capital Responsible Investment Leaders (RIL) Funds

The international fixed interest component of the AMP RIL Funds (Conservative, Balanced and Growth) invest in the AMP Capital Global Fixed Interest Fund. This Fund is now closing and we are taking the opportunity to implement a new global fixed interest strategy. Further information is available here.

AMP Capital Hedged Global Fixed Interest Fund

AMP Capital has recently completed a review of its multi-manager global fixed […]

Managed funds orders go through a number of steps, with each one having a specific status.

Here is what they are and what they each mean:

Pending – you have placed an order and it is awaiting execution.  Orders are executed Monday to Friday, excluding national public holidays.  Whilst in the Pending status the order can be cancelled.

Approval required – you have placed an order and it requires additional authorisers, as per the preference you set for your account.  The transaction will not be processed until the other authoriser(s) have logged in […]

This year the world celebrated – if that’s the right word – the 10^th anniversary of the global financial crisis (GFC), when market bears roamed wild.

You can forget a lot in a decade, though, particularly as investment markets have been in an almost unending party mode since the immediate crisis was averted: the sky did not fall in, the GFC cloud moved on, the sun is still shining.

In the intervening 10 years virtually all asset classes have enjoyed summery conditions – albeit with regional variations and periodic lows – […]

As the process for adding the new managers and funds, to include those currently offered by RaboDirect, is almost complete we have extended our range of funds to 78 funds from 15 managers.

Check out our Range of Funds – you can filter the choices by Fund Manager, Sector, Fee Estimate & Fund Type.