How does InvestNow make money?

Investment managers pay InvestNow a distribution fee to have their products on our platform – this is our primary source of income.

In addition, InvestNow earns a distribution fee of 0.10% on Term Deposits offered on the platform (this fee does not reduce the interest rate yoru receive when you selected the Term Deposit ie what you see is what your receive, net of tax.

InvestNow also receives the interest on any money held within the Transaction Account, which helps to pay costs associated with offering and operating InvestNow. Transaction Accounts are […]

By |2026-08-10T16:07:07+12:00February 12th, 2017||Comments Off on How does InvestNow make money?

At the end of the tax year, if I have a PIE tax obligation, how is it paid?

If you have any outstanding tax liability payable at the end of the tax year, we will pay this to the IRD on your behalf.

Prior to the PIE tax year end, we will send you an e-mail with a provisional calculation of your tax obligation. This will be followed by another email in early April once the final PIE calculations have been completed. After around a week, we will debit your InvestNow transaction account for the amount of PIE tax payable. However, if you do not have sufficient funds available […]

By |2021-04-08T18:08:30+12:00February 6th, 2017||Comments Off on At the end of the tax year, if I have a PIE tax obligation, how is it paid?

How will tax on my Managed Funds be paid?

At the time you sell any units in a PIE managed fund or at PIE tax year end (31st March) your PIE tax liability will be paid by InvestNow on your behalf and returned to the IRD.

For Australian-domiciled managed funds which are not PIEs, InvestNow does not pay tax on your behalf and you need to report income from these funds on your tax return. Your Tax Summary Report will contain a summary of the taxable income from these funds including both the Fair Dividend Rate (FDR) and […]

By |2021-04-08T18:07:50+12:00January 9th, 2017||Comments Off on How will tax on my Managed Funds be paid?