A PIE (Portfolio Investment Entity) fund is a type of New Zealand managed fund with its own tax rules. Many PIE funds calculate and pay tax on investment income using each investor’s prescribed investor rate (PIR), while some listed PIEs are taxed at a fixed rate. In many cases, income from a PIE fund does not need to be included in […]
To update or change your RWT and/or PIR rate, please email us with the relevant details, at contact@investnow.co.nz, and we will make any changes for you (includes us emailing you to confirm that this has been successfully actioned).
There are now three options available to you, for receiving your unique passcode each time you login:
To change your MFA preference and/or switch to the Authentication App, follow these simple steps:
1) Log into your account
2) Click on the email address that appears in the top righthand side of the page:
3) Select “Security Settings“:
4) […]
Once logged in there are three types of reports you can produce, for whatever period you choose:
InvestNow earns a distribution fee of 0.10% for the Term Deposit (TD) service. Â This fee does not result in any additional fees for you, or reduction in the interest rate you receive, for the Term Deposit(s) you invest in.
The rate you receive for the TD you invest in is the rate you see when you select the bank/term. Â In addition to the rate you receive, InvestNow will be earning a 0.10% distribution fee.
An example:
What do each of the column headings mean for the fund manager table?
Sector:
Sector refers to the type of asset the managed fund invests into, such as a diversified fund, cash fund, listed property fund, etc.
PDS Fee:
The PDS fee is the annual management fee estimate as stated in the Product Disclosure Statement (PDS) for this fund.
QFU Fee:
The Quarterly Fund Update (QFU) Fee is the latest actual fee charged by the fund in its most recent financial year, as stated in the fund’s most recent Quarterly Fund Update.
Buy/Sell Spread:
When you buy or […]
Cloudcheck is the technology partner we work with to provide a customer identity verification solution – specifically we use their IDScan solution for the bio-metric identity verification.  Learn more about Cloudcheck here.
Firstly, we can confirm these requests for information are legitimate.
All NZ financial institutions must comply with the Anti-Money Laundering regulations.   Unfortunately, we don’t have all the information we need to meet these regulatory requirements for some of our InvestNow customer’s accounts.
Where we have been in contact with you directly, requesting the additional information, we very much appreciate your prompt and complete responses to these requests.
Here are some FAQs which address some of the specific information requests:
[…]
In some circumstances, we may be required to ask you about the source of the funds that you have invested, and ask for documents to verify this information – for example, if you made an unusually large deposit. This table shows examples of the documents that we may be able to accept as evidence of the source of your funds:
This list is not exhaustive and the types of documents we would accept will depend on your individual circumstances and the amounts involved. In most circumstances we can also […]
If you are using Android 10 or below please do the following: