What are the rates of RWT?
You can find out more on the IRD website.
The current rates of RWT are:
- 0% (in this case a current RWT exemption certificate must be provided)
- 10.5%
- 17.5%
- 30%
- 33%
What is Resident Withholding Tax (RWT)?
You can find out more on the IRD website.
Resident Withholding Tax (RWT) is a tax deducted from the gross amount of interest paid to you. It is deducted at the time when the interest is paid to your InvestNow cash account.
When you open an InvestNow account, you will be asked to select your RWT rate and IRD number.
If we do not have an IRD number your account will be taxed at the maximum “non-declaration” rate of 33%.
How do I see my InvestNow transactions?
You can see the full list of your transactions on the “Activity” page once you have logged on to your InvestNow account. You can view or print the transactions.
Can I cancel a transfer of money into or out of my InvestNow cash account?
Withdrawals
You can cancel a Withdrawal instruction up until 12pm of the business day on which you raised the instruction. Where you have placed an instruction on a non-business day, you can cancel the order up until 12pm of the next business day. You will find your pending Withdrawal on the Orders page under Open orders and withdrawals. To cancel the withdrawal select the Cancel link.
How do I make changes to my nominated bank accounts?
To change your nominated bank accounts, follow these steps once logged in to your account:
1) Before you begin, you will need to download a bank statement or proof of account PDF through your online banking.
2) Log into your InvestNow account.
3) Select “Investor Profiles” in the top right corner if you are on a desktop. For mobile devices, click the “1 investor and 1 portfolio” tab and then click “Investor Profiles”.
4) Click “View Profile” next to the account you are wanting to add […]
Can I make cheque deposits into my InvestNow account?
We only allow online deposits into your InvestNow Transaction Account.
How do I make regular deposits into my InvestNow cash account?
You can establish a regular deposit to your InvestNow Transaction Account with an automatic payment from your nominated bank account.
If you have already made a deposit to your InvestNow Transaction Account, you use the same bank account and reference details when establishing your automatic payment. The reference is unique to you and does not change.
If you have yet to make a deposit into your InvestNow account, login and go to the Home page. Click on the Deposit funds link (can be found under Quick actions). A page will appear which provides the […]
Can I have more than one InvestNow account?
You can operate multiple accounts, and multiple types of accounts, however the e-mail address, which is also you login name, is your unique identifier and is unique to each account.
How long before I can access my InvestNow account?
You can access your InvestNow account at any stage after having started the “Join Now” process. You are able to invest in managed funds once your account is active and you have money in your InvestNow Transaction Account.
How do I obtain a certified copy of an identification document?
How do I obtain a certified copy of an identification document?
We are required by law to verify your identity as part of the account opening process and ongoing due diligence (Anti-Money Laundering and Countering Financing of Terrorism Act 2009).
Where we ask you to supply certified copies of your identification documentation, you can ask “Trusted Reference” persons from the following occupations to complete this verification.
- Justice of the Peace
- Lawyer
- Registered medical doctor
- Registered teacher
- Registered chartered accountant
- Kaumatua
- Minister of religion
- Member of parliament
- Notary public
- Employee of the […]