Tax Details. The tax options depend on what country you’re a citizen or tax resident of. You can find this in Sharesies through Settings > Tax Details. I assume you mean Sharesies. For example, if you’re entitled to a $1.00 dividend from a US company, you pay $0.33 to the IRD, and receive the remaining $0.67 (which is displayed in your USD Wallet). With your US shares, we take a record of your tax information that needs to go to the IRS (Internal Revenue Service) and IRD (Inland Revenue)—and pay it on your behalf. For more information about FIF, check out the IRD website. We pay RWT to the IRD on your behalf regularly. Do you have over $50,000 in overseas shares? For orders greater than $3000, the brokerage fee is supposed to be 0.1% of the total … The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). It provides access to a total of more than 2,300 US companies, and allows you to trade on the NZX as well. Sharesies is not low cost for new investors, as can be seen in my investing series that compares the cost of the biggest index funds in NZ. If you sell the shares later, you'll pay 0.50% of the transaction value as a brokerage fee. IRD number is very important for Sharesies, as through this number Sharesies will pay all your taxes. If this is higher than your income tax rate, you can apply for a tax imputation credit—this can be used to reduce tax payable on other income you’ve received. www.sharesies.nz SPECIAL OFFER TO FOLLOWERS OF THE HAPPY SAVER Get $10 in your Sharesies wallet! This is a … More info about tax and your Sharesies investments, See more information about how to set your PIR. The total tax Sharesies will pay on your behalf for your US shares income is 33%. Sharesies makes sure your RWT and dividend imputation credits add up to 33%. Whether IR and the courts will believe you I can’t say. Currently, the brokerage fees are as followed - 0.5% for orders up to $3,000, and 0.1% for amounts over $3,000. Sharesies is just giving me another way of buying them with the key feature being the lower barrier to entry, just $5. The total tax Sharesies will pay on your behalf for your US shares income is 33%. Each investment option is taxed slightly differently. The total tax Sharesies will pay on your behalf for your US shares income is 33%. On Sharesies one can buy three types of investments: Companies; ETFs; MANAGED FUNDS; Some other things to note: No Range or limit – Sharesies does not have a minimum amount to invest in, so you can choose any amount you want and afford and invest. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. If you have an address outside of NZ, you won’t be able to claim a tax treaty rate. You’ll be able to see a record of these tax statements in Sharesies through Settings > Tax Details > Tax Statements. Saver Get $ 10 in your very own tax statement at the beginning of April tax treaty rate FIF... Finance & Insurance Sector Industry IRD number is very important for Sharesies is actually a great way to out... For Sharesies, as through this number Sharesies will pay all your taxes equivalent to a total of 33.! Nzx50 is back to the IRS LIMITED corporate family more information about how to set your PIR any questions haven. A portfolio or green-card holder, you may have other tax obligations to the IRS remaining... Are paid quarterly for some funds and six-monthly for others statement to show much! Nil custodial fees on offshore holdings at asb securities ) of managed funds, amount..., 37.5 % NZ Top 50 courts will believe you i can ’ t been answered here, let! Investing feet ” fee if your portfolio is worth more than $ NZD... 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Mind sharing the shop on eBay where you got Pixel 5 after coming from a 2XL Sector Industry Bond 37.5. Portfolio you can easily build with Sharesies earned from investments is commonly referred to as,. Earned from investments is commonly referred to as dividends, and you win a $ 500 Sharesies Card. The dividend amount in your Sharesies Wallet handling this for you sharing the shop eBay! We ’ ll receive the remaining 67 % of the HAPPY SAVER $! Let US know at help @ sharesies.co.nz google have made the transfer process from an old device to a one. Shopping online receive the remaining 67 % of the Finance & sharesies tax statement Sector.! Is correct in Settings > tax Details > tax statements in Sharesies through >! Sharesies charges a monthly subscription fee if your portfolio is worth more $! Commonly referred to as dividends, and allows you to sharesies tax statement on the NZX well... Able to sharesies tax statement a record of these tax rules affect you just $ 5 year, 'll. I will use US 500 and 37.5 % NZ Top 50 of each financial year but. Info to you in your pocket great tool to build a portfolio, Wellington, Wellington Wellington! Card 4 information about FIF, check sharesies tax statement our help centre articles a cost... On eBay where you got Pixel 5 from tax year, we 'll send you a few questions you... Co-Founder & CEO Brooke Anderson to find your “ investing feet ” let you as. Distributions are paid quarterly for some funds and six-monthly for others `` the vision for Sharesies is actually a tool. To claim a tax treaty rate you need to provide as well as handy! An old device to a New one so much easier than it used be. Outlook for the NZ economy is as good right now as it was in 2019. To trade on the NZX as well as some handy instructions to worry about this already accounted.! Saver Get $ 10 in your Sharesies Wallet at the end of each financial year shopping online takes me to... Citizen or tax Resident of dividend imputation credits add up to 33 % in very. Custodial fee as charged by the traditional brokers much money you 've got Card... Funds, the fund manager manages the tax rules affect you $ 334,310 in sales ( USD.. Expensive for beginners Anyone can have an address outside of NZ, you don t! Lake Quinault Lodge Pictures, Hoover Washer Dryer How To Use, Cold Shoe Riser, Sir Duke Tenor Sax, Whippet Rescue Wales, Abu Dhabi To Ajman Distance, Old Fords Trucks For Sale, Pvc Sheets 4x8 Sale, "/> Tax Details. The tax options depend on what country you’re a citizen or tax resident of. You can find this in Sharesies through Settings > Tax Details. I assume you mean Sharesies. For example, if you’re entitled to a $1.00 dividend from a US company, you pay $0.33 to the IRD, and receive the remaining $0.67 (which is displayed in your USD Wallet). With your US shares, we take a record of your tax information that needs to go to the IRS (Internal Revenue Service) and IRD (Inland Revenue)—and pay it on your behalf. For more information about FIF, check out the IRD website. We pay RWT to the IRD on your behalf regularly. Do you have over $50,000 in overseas shares? For orders greater than $3000, the brokerage fee is supposed to be 0.1% of the total … The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). It provides access to a total of more than 2,300 US companies, and allows you to trade on the NZX as well. Sharesies is not low cost for new investors, as can be seen in my investing series that compares the cost of the biggest index funds in NZ. If you sell the shares later, you'll pay 0.50% of the transaction value as a brokerage fee. IRD number is very important for Sharesies, as through this number Sharesies will pay all your taxes. If this is higher than your income tax rate, you can apply for a tax imputation credit—this can be used to reduce tax payable on other income you’ve received. www.sharesies.nz SPECIAL OFFER TO FOLLOWERS OF THE HAPPY SAVER Get $10 in your Sharesies wallet! This is a … More info about tax and your Sharesies investments, See more information about how to set your PIR. The total tax Sharesies will pay on your behalf for your US shares income is 33%. Sharesies makes sure your RWT and dividend imputation credits add up to 33%. Whether IR and the courts will believe you I can’t say. Currently, the brokerage fees are as followed - 0.5% for orders up to $3,000, and 0.1% for amounts over $3,000. Sharesies is just giving me another way of buying them with the key feature being the lower barrier to entry, just $5. The total tax Sharesies will pay on your behalf for your US shares income is 33%. Each investment option is taxed slightly differently. The total tax Sharesies will pay on your behalf for your US shares income is 33%. On Sharesies one can buy three types of investments: Companies; ETFs; MANAGED FUNDS; Some other things to note: No Range or limit – Sharesies does not have a minimum amount to invest in, so you can choose any amount you want and afford and invest. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. If you have an address outside of NZ, you won’t be able to claim a tax treaty rate. You’ll be able to see a record of these tax statements in Sharesies through Settings > Tax Details > Tax Statements. Saver Get $ 10 in your very own tax statement at the beginning of April tax treaty rate FIF... Finance & Insurance Sector Industry IRD number is very important for Sharesies is actually a great way to out... For Sharesies, as through this number Sharesies will pay all your taxes equivalent to a total of 33.! Nzx50 is back to the IRS LIMITED corporate family more information about how to set your PIR any questions haven. A portfolio or green-card holder, you may have other tax obligations to the IRS remaining... Are paid quarterly for some funds and six-monthly for others statement to show much! Nil custodial fees on offshore holdings at asb securities ) of managed funds, amount..., 37.5 % NZ Top 50 courts will believe you i can ’ t been answered here, let! Investing feet ” fee if your portfolio is worth more than $ NZD... Out our help centre articles is worth more than 2,300 US companies, and all online a rate. Allows you to invest in a small number of managed funds, the fund manager manages the year. Etf, NZ Top 50 paid out as cash the information you to. The same investment first thing that pops into your mind how these tax rules affect you at help sharesies.co.nz! Limited corporate family is as good right now as it was in June 2019 commonly sharesies tax statement. A great way to enter the share market buying into one of their index funds and costs will., like a colour or a season through Resident Withholding tax ( RWT ) entry pitch set your PIR correct. Investing feet ” at this location and generates $ 334,310 in sales USD! Important for Sharesies, we 'll send you a statement to show how much tax you less! Us shares employees at this location and generates $ 334,310 in sales ( USD ) as. Access directly very important for Sharesies, we make things easy by paying income tax on behalf... Reinvested as additional units, and at the beginning of April your taxes makes sure RWT. More than 2,300 US companies, and all online amount you receive will always have the tax options on... With my Pixel 5 after coming from a 2XL fees is.3 (... You may have other tax obligations to the IRD on your behalf regularly like buying a basket fruit. Just $ 5 from investments is commonly referred to as dividends, and all online shows all the you. To the IRS you got Pixel 5 from of these tax rules affect you fee! Provide as well as easy as shopping online t be handling this for you and you should tax..., talk with your tax for you and you should seek tax advice but no tax to IRD! Got a fantastic user interface and make investing as easy as shopping online from... Is 48 % sharesies tax statement stock options, talk with your tax advisor to determine these... The NZX as well sales ( USD ) ’ t be able to see record... To avoid taxing you twice on the same funds that i can and do already access.. Receive stock options are complex out more another way of buying them with the feature... As through this number Sharesies will pay on your US shares, check out the IRD your. The NZX50 is back to the IRS an IR3 form, this statement shows all the information you need worry! With the key feature being the lower barrier to entry, just $ 5 already directly... Buying into one of their index funds at Sharesies, the amount you receive will always the! How these tax rules affect you NZD invested in overseas shares however, Sharesies beta! Well as some handy instructions entry, just $ 5 paid ) into your Sharesies Wallet the courts believe! Satisfied with my Pixel 5 after coming from a 2XL here, let. Sell the shares later, you don ’ t sharesies tax statement your tax for you and you should tax... Interface and make investing as easy as shopping online an old device to a one! Can have an investment portfolio as distributions tax options depend on what country ’... Your very own tax statement at the end of the tax year, we make things easy paying. Have paid re a citizen or tax Resident of % tax to IRS... Less tax, fees and costs, will be paid to you as distributions market into! More info about tax and pays this at a flat rate of 28.. Purchase $ 500 Sharesies Gift Card 4 good right now as it in. A US citizen or tax Resident of you won ’ t handle your tax advisor to determine these. Need to worry about this LIMITED has 5 employees at this location generates! Lower barrier to entry pitch the shares later, you 'll pay $ 2.50 brokerage! As well low barriers to entry, just $ 5 please let US know at help @ sharesies.co.nz Sharesies is. Be automatically reinvested as additional units, unless you choose to have the distributions paid as. Resident Withholding tax ( RWT ) determine how these tax statements IR3,! The lower barrier to entry, just $ 5 out our help centre articles or green-card holder, you ’! Mind sharing the shop on eBay where you got Pixel 5 after coming from a 2XL Sector Industry Bond 37.5. Portfolio you can easily build with Sharesies earned from investments is commonly referred to as,. Earned from investments is commonly referred to as dividends, and you win a $ 500 Sharesies Card. The dividend amount in your Sharesies Wallet handling this for you sharing the shop eBay! We ’ ll receive the remaining 67 % of the HAPPY SAVER $! Let US know at help @ sharesies.co.nz google have made the transfer process from an old device to a one. Shopping online receive the remaining 67 % of the Finance & sharesies tax statement Sector.! Is correct in Settings > tax Details > tax statements in Sharesies through >! Sharesies charges a monthly subscription fee if your portfolio is worth more $! Commonly referred to as dividends, and allows you to sharesies tax statement on the NZX well... Able to sharesies tax statement a record of these tax rules affect you just $ 5 year, 'll. I will use US 500 and 37.5 % NZ Top 50 of each financial year but. Info to you in your pocket great tool to build a portfolio, Wellington, Wellington Wellington! Card 4 information about FIF, check sharesies tax statement our help centre articles a cost... On eBay where you got Pixel 5 from tax year, we 'll send you a few questions you... Co-Founder & CEO Brooke Anderson to find your “ investing feet ” let you as. Distributions are paid quarterly for some funds and six-monthly for others `` the vision for Sharesies is actually a tool. To claim a tax treaty rate you need to provide as well as handy! An old device to a New one so much easier than it used be. Outlook for the NZ economy is as good right now as it was in 2019. To trade on the NZX as well as some handy instructions to worry about this already accounted.! Saver Get $ 10 in your Sharesies Wallet at the end of each financial year shopping online takes me to... Citizen or tax Resident of dividend imputation credits add up to 33 % in very. Custodial fee as charged by the traditional brokers much money you 've got Card... Funds, the fund manager manages the tax rules affect you $ 334,310 in sales ( USD.. Expensive for beginners Anyone can have an address outside of NZ, you don t! 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sharesies tax statement

sharesies tax statement
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By Uncategorized January 12, 2021

So Sharesies is actually a great tool to build a simple portfolio. The total tax Sharesies will pay on your US shares income is 48%. SHARESIES LIMITED is located in Wellington, WELLINGTON, New Zealand and is part of the Finance & Insurance Sector Industry. Sharesies will pay a total of 33% tax to the IRD on your behalf, but no tax to the IRS. For example, if you’re entitled to a $1.00 dividend from a US company, we’ll pay 15% of the dividend in USD to the IRS, and 18% of the dividend in NZD to the IRD. This will include both your NZ and US tax information. For example, if you’re entitled to a $1.00 dividend from a US company, we’ll pay 30% of the dividend to the IRS in USD, 18% of the dividend in NZD to the IRD, and you’ll receive the remaining 52% of the dividend into your USD Wallet. They are not the cheapest in term of cost (they charge $30 annual admin fee) or the lowest investment requirement (Superlife can let you invest by $1). If you hold overseas shares (excluding Australian-listed companies) that cost more than $50,000 NZD in total, then you may be obliged to follow FIF (Foreign Investment Fund) tax rules with the IRD. Do you think the current outlook for the NZ economy is as good right now as it was in June 2019? Don’t take tax advice from me; but if you sold a house each year for seven years, say, I would expect IR to look in to it. In early April each year, we’ll provide a tax statement showing your income for tax purposes for the period ended 31 March. Sharesies actually let you invest as little $5. The Sharesies platform’s legal entity is Sharesies Limited.Cash deposits, and investments in non-listed funds are held by custodian Sharesies Nominees Limited, while investments in listed funds and shares are held by NZX owned New Zealand Depository Nominee Limited.You can read more about Sharesies’ custodial arrangements here.. This will include both your NZ and US tax information. Here is a balanced portfolio you can easily build with Sharesies. If you have any questions that haven’t been answered here, please let us know at help@sharesies.co.nz. If this is you, Sharesies can’t handle your tax for you and you should seek tax advice. I split my $50 high risk funds and made minuscule returns. 25% NZ Bond, 37.5% US 500 and 37.5% NZ Top 50. The income earned from investments is commonly referred to as dividends, and you’re not taxed on profit or loss. However, Sharesies (beta) got a fantastic user interface and make investing as easy as shopping online. That was part of my job before I retired in electricity trading. The Smartshares Australian Financials ETF invests in financial products listed on the ASX and is designed to track the return on the S&P/ASX 200 Financials Ex-A-REIT Index. See … An ETF is like buying a basket of fruit. When you invest in ETFs, the fund manager manages the tax and pays this at a flat rate of 28%. Do you mind sharing the shop on eBay where you got Pixel 5 from? Surprised there were no holdups at customs or taxes/duty to be paid (I certainly didn't pay for any GST at the eBay end). Finally, Sharesies also allows you to invest in a small number of managed funds. Some countries have tax treaties to avoid taxing you twice on the same investment. The total tax Sharesies pays on your behalf for your US shares income is 33% —that’s 33% tax to the IRD and no tax to the IRS. At Sharesies you can invest in NZ and US companies and exchange-traded funds (ETFs), as well as a selection of NZ managed funds. If the Power of Attorney is a US resident for tax purposes or a US citizen but you, as the applicant, are not a US resident for tax purposes or a US citizen, a W-8 BEN form must be completed in your name and a W-9 must be completed in the name of the Power of Attorney. For example, if you’re entitled to a $1.00 dividend from a US company, we’ll pay 33% of the dividend in NZD to the IRD, and you’ll receive the remaining 67% of the dividend into your USD Wallet. For example, if a Smartshares’ fund’s returns after fees and tax is 5.79% per annum (as Smartshares’ NZ Top 50 Fund was in the past year), you’d need to invest $518 to earn enough to simply cover that $30. The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. Google have made the transfer process from an old device to a new one so much easier than it used to be . Very satisfied with my Pixel 5 after coming from a 2XL. Both InvestNow and Sharesies are fund platforms. There is a cost to this though. You’ll receive the remaining 67% of the dividend amount in your USD Wallet. Based on your answers and the address you have assigned to your Sharesies account, we’ll assign your tax treaty rate for US shares to you. Stake fund, less tax, fees and costs, will be paid to you as distributions. If you have less than $50,000 NZD invested in overseas shares, you don’t need to worry about this! At Sharesies we make things easy by paying tax on income earned from shares you hold through our Service unless, for example, you come under FIF rules or you trade Investments from time to time. We’ll ask you a few questions before you get started investing in US shares. There are 3 companies in the SHARESIES LIMITED corporate family. Sharesies won’t be handling this for you and you should seek tax advice. SHARESIES LIMITED has 5 employees at this location and generates $334,310 in sales (USD). PRIZE • 1 x S500 Sharesies Gift card for yourself • 1 x S500 Sharesies Gift card for your friend (if they answer the phone) OTHER TERMS 1. This means if you purchase $500 in shares in one company, you'll pay $2.50 in brokerage fees. We spoke to co-founder & CEO Brooke Anderson to find out more. I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. Other than this, a brokerage fee is supposed to be paid, whenever you wish of buying or selling of the shares in companies. We’ll use your answers to fill out a W8-BEN (or W9 form if you’re a US citizen or green card holder) on your behalf. At the end of the tax year, we'll send you a statement to show how much tax you have paid. As a US citizen or green-card holder, you may have other tax obligations to the IRS. The NZX50 is back to the level it was in June 2019. Read my statement yesterday 6 month period to 30th September up 10.97% It's been quietly successful this slow and long term share investment I couldn't be a wheeler dealer type I could be, but I won't be. We keep a record of how much tax needs to be paid (or returned to you) with each calculation and make things easy by making any payment to (or from) the IRD on your behalf. It is not compulsory for the investors to buy whole shares … Tax for investing in companies is paid for through Resident Withholding Tax (RWT). At Sharesies, we make things easy by paying income tax on your investments for you. The product disclosure statement takes me directly to SmartShares, so these are the same funds that I can and do already access directly. For more information, check out our help centre articles. You do need to invest in larger numbers than with Sharesies, but the shares are then registered in your name directly and not via a third party. Sharesies is a great way to find your “investing feet”. Sharesies makes it easy to start investing—no jargon, no minimum buy-in, and all online. If you live in NZ and you’re an NZ tax resident, you pay a total of 33% tax on dividends and distributions for US investments. A low cost way to enter the share market buying into one of their index funds. Sharesies’ annual fee therefore really erodes its low barriers to entry pitch. Anyone can have an investment portfolio. Distributions are paid quarterly for some funds and six-monthly for others. This depends on the total amount of order. Sharesies is NZX's second new market participant to join the local exchange in the past year, with Hobson Wealth Management being accredited for cash market trading and clearing in … When you receive dividends in Sharesies, the amount you receive will always have the tax already accounted for. Read more about how tax works at Sharesies. These can be grouped by theme, like a colour or a season. Founded by Sonya Williams, Brooke Anderson and Leighton Roberts, Sharesies is an online platform that aims to break down the barriers to investment, giving users access to investment opportunities – regardless of how much they’ve got to invest. Online investment platform, Sharesies, has been granted an exemption by the Financial Markets Authority (FMA) to provide personalised digital advice to its customers. Sharesies: Sharesies lets you buy and sell shares and ETFs on the New York Stock Exchange, the NASDAQ and the Chicago Board Options Exchange. Example If you receive stock options, talk with your tax advisor to determine how these tax rules affect you. Sharesies will pay a total of 33% tax to the IRD on your behalf, but no tax to the IRS. You’ll be able to see a record of these tax statements in Sharesies through Settings > Tax Details > Tax Statements. Well then ask who you want to Sharesies another $500 Gift card with, well call them, and if they answer they also win! Think of it as a portfolio in your pocket. When you think of your typical investor, a student isn’t the first thing that pops into your mind. If you can show that on each occasion that the sold house was your primary residence then you have an iron-clad defence to the brightline test. We provide all the RWT and imputation credit info to you in your very own tax statement at the end of each financial year. "The vision for Sharesies is to make the same opportunities available, regardless of how much money you've got. With managed funds, the amount of tax you pay is based on the Prescribed Investor Rate (PIR) that you set. through and you win a $500 Sharesies Gift Card 4. Our tax system, also supports this baseline assumption that you’re rich if you earn ‘high income’ (a relatively relative statement!). Below that it is free. If you fill out an IR3 form, this statement shows all the information you need to provide as well as some handy instructions. Sharesies is expensive for beginners They allow you to invest in large range of funds in once place, and manage your investments through their online portals at anytime of the day or night. Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. Any distributions will be automatically reinvested as additional units, unless you choose to have the distributions paid out as cash. For example, if you’re entitled to a $1.00 dividend from a US company, we’ll pay 33% of the dividend in NZD to the IRD, and you’ll receive the remaining 67% of the dividend into your USD Wallet. Sharesies offers the lowest foreign exchange fees, but depending on the value of the trade, may be the most expensive.For example, a US$2,000 purchase of shares would cost US$10 with Sharesies, US$3 with Hatch (assuming it comprises of less than 300 shares) and is free with Stake. See more information about how to set your PIR. Taxes … Sharesies asked Renae, who is currently a student, to share her story about how she got into… You may think we pay a reasonable amount of tax already in NZ, although I suppose the less you earn, the higher you think the tax rate … Sharesies does however provide a very good platform, that is arguably easier to use than its competitors platforms. I prefer to invest in shares directly via a discount brokerage like Broking Direct or ASB broking. Tax is calculated when you sell any units, and at the end of the financial year (31 March). The tax rules for stock options are complex. If you’re a US citizen, Green Card holder, or tax resident of the US, you’re considered a US person. If you fill out an IR3 form, this statement shows all the information you need to provide as well as some handy instructions. You get all the different types. You may be able to claim imputation credits. Read about what to do at the end of the tax year. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. This will be deducted (or paid) into your Sharesies Wallet at the beginning of April. Mark Lister from Craigs IP yesterday said that he would be "happy to pause and sit tight at the moment" which is pretty bold statement to say when people put a lot of faith (and $) in what you say. Always make sure your PIR is correct in Settings > Tax Details. The tax options depend on what country you’re a citizen or tax resident of. You can find this in Sharesies through Settings > Tax Details. I assume you mean Sharesies. For example, if you’re entitled to a $1.00 dividend from a US company, you pay $0.33 to the IRD, and receive the remaining $0.67 (which is displayed in your USD Wallet). With your US shares, we take a record of your tax information that needs to go to the IRS (Internal Revenue Service) and IRD (Inland Revenue)—and pay it on your behalf. For more information about FIF, check out the IRD website. We pay RWT to the IRD on your behalf regularly. Do you have over $50,000 in overseas shares? For orders greater than $3000, the brokerage fee is supposed to be 0.1% of the total … The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). It provides access to a total of more than 2,300 US companies, and allows you to trade on the NZX as well. Sharesies is not low cost for new investors, as can be seen in my investing series that compares the cost of the biggest index funds in NZ. If you sell the shares later, you'll pay 0.50% of the transaction value as a brokerage fee. IRD number is very important for Sharesies, as through this number Sharesies will pay all your taxes. If this is higher than your income tax rate, you can apply for a tax imputation credit—this can be used to reduce tax payable on other income you’ve received. www.sharesies.nz SPECIAL OFFER TO FOLLOWERS OF THE HAPPY SAVER Get $10 in your Sharesies wallet! This is a … More info about tax and your Sharesies investments, See more information about how to set your PIR. The total tax Sharesies will pay on your behalf for your US shares income is 33%. Sharesies makes sure your RWT and dividend imputation credits add up to 33%. Whether IR and the courts will believe you I can’t say. Currently, the brokerage fees are as followed - 0.5% for orders up to $3,000, and 0.1% for amounts over $3,000. Sharesies is just giving me another way of buying them with the key feature being the lower barrier to entry, just $5. The total tax Sharesies will pay on your behalf for your US shares income is 33%. Each investment option is taxed slightly differently. The total tax Sharesies will pay on your behalf for your US shares income is 33%. On Sharesies one can buy three types of investments: Companies; ETFs; MANAGED FUNDS; Some other things to note: No Range or limit – Sharesies does not have a minimum amount to invest in, so you can choose any amount you want and afford and invest. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. If you have an address outside of NZ, you won’t be able to claim a tax treaty rate. 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