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Got questions? RNZ has launcheda new podcast, No Stupid Questions, with Susan Edmunds.
We'd love to hear more of your questions about money and the economy. You can send through written questions, like these ones, but even better, you can drop us a voice memo to our email [email protected].
You can also sign up to RNZ's new money newsletter, Money with Susan Edmunds.
I have recently started investing more seriously and have heard many positive things about the S&P500. However, from my research, I understand that if I invest directly into this fund, I will be liable for FIF tax once my portfolio exceeds $50,000 in value.
It is possible to invest in the S&P500 from a NZ domiciled fund within a PIE structure, and these are advertised as 'taking care of the tax for you' and keeping your tax rate to 28 percent or less depending on your earnings bracket.
My question is, isn't the fund manager of the NZ domiciled fund still required to pay FIF tax, and as any cost is generally split over all the investors, and the combined value of the fund is way
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