What is the Cash PIE (Lifestages Deposit Portfolio)?
The Lifestages Deposit Portfolio is suitable for investors who are seeking an account with a competitive rate of return and no fees, all wrapped up in a Portfolio Investment Entity (PIE) structure. The PIE structure is a new regime of taxation for qualifying managed funds.
The Lifestages Deposit Portfolio invests primarily in securities issued by SBS Bank. Investing in a PIE will simplify the administration of your investment. But best of all, the PIE structure provides tax savings for many investors. As PIE tax is a final tax, PIE income does not need to be included in your final tax return.
The manager of the SBS Lifestages Deposit Portfolio is FANZ (Funds Administration New Zealand Limited). FANZ is a subsidiary of SBS Bank and has been in operation since 2002. FANZ currently has over 250 million in funds under management.
SBS Lifestages Deposit Portfolio Investment Statement - 1 October 2010
Lifestages Deposit Portfolio Class A Application Form
Information contained on this page is not intended as financial advice because it does not address individual circumstances. You may wish to seek financial advice before you make any decision. Financial advice on Kiwisaver can be obtained through Funds Administration New Zealand Limited (FANZ), a subsidiary of the Southland Building Society (“SBS Bank”).
Trustees Executors Limited (“TEL”) is the Trustee of the Scheme. The fund is managed and administered by Funds Administration New Zealand. Southland Building Society (“SBS Bank”) is a Promoter of the Scheme.
Southland Building Society (“SBS Bank”) does not guarantee (either partially or fully) the capital value or performance of the securities. The principal and returns of the Lifestages Deposit Portfolio / KiwiSaver / Managed Funds are not guaranteed or secured in any way by SBS Bank (or any other member of the SBS Bank group), or any other person. Investments in the Portfolio do not represent deposits or other liabilities of SBS Bank and are subject to investment risk, including the possible delays in repayment and loss of income and principal invested.