I split my $50 high risk funds and made minuscule returns. This will be deducted (or paid) into your Sharesies Wallet at the beginning of April. So Sharesies is actually a great tool to build a simple portfolio. These can be grouped by theme, like a colour or a season. SHARESIES LIMITED has 5 employees at this location and generates $334,310 in sales (USD). 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). 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.. There is a cost to this though. I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. As a US citizen or green-card holder, you may have other tax obligations to the IRS. 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 asked Renae, who is currently a student, to share her story about how she got into… Online investment platform, Sharesies, has been granted an exemption by the Financial Markets Authority (FMA) to provide personalised digital advice to its customers. For orders greater than $3000, the brokerage fee is supposed to be 0.1% of the total … See more information about how to set your PIR. Sharesies actually let you invest as little $5. fund, less tax, fees and costs, will be paid to you as distributions. Sharesies makes sure your RWT and dividend imputation credits add up to 33%. Stake 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 … An ETF is like buying a basket of fruit. 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. You’ll be able to see a record of these tax statements in Sharesies through Settings > Tax Details > Tax Statements. This means if you purchase $500 in shares in one company, you'll pay $2.50 in brokerage fees. You’ll receive the remaining 67% of the dividend amount in your USD Wallet. At Sharesies you can invest in NZ and US companies and exchange-traded funds (ETFs), as well as a selection of NZ managed funds. Any distributions will be automatically reinvested as additional units, unless you choose to have the distributions paid out as cash. More info about tax and your Sharesies investments, See more information about how to set your PIR. 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 … Each investment option is taxed slightly differently. Distributions are paid quarterly for some funds and six-monthly for others. You can find this in Sharesies through Settings > Tax Details. This is a … 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 have less than $50,000 NZD invested in overseas shares, you don’t need to worry about this! Do you think the current outlook for the NZ economy is as good right now as it was in June 2019? Tax is calculated when you sell any units, and at the end of the financial year (31 March). Do you mind sharing the shop on eBay where you got Pixel 5 from? Both InvestNow and Sharesies are fund platforms. SHARESIES LIMITED is located in Wellington, WELLINGTON, New Zealand and is part of the Finance & Insurance Sector Industry. Sharesies: Sharesies lets you buy and sell shares and ETFs on the New York Stock Exchange, the NASDAQ and the Chicago Board Options Exchange. That was part of my job before I retired in electricity trading. www.sharesies.nz SPECIAL OFFER TO FOLLOWERS OF THE HAPPY SAVER Get $10 in your Sharesies wallet! Currently, the brokerage fees are as followed - 0.5% for orders up to $3,000, and 0.1% for amounts over $3,000. When you receive dividends in Sharesies, the amount you receive will always have the tax already accounted for. I assume you mean Sharesies. At Sharesies, we make things easy by paying income tax on your investments for you. 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. The total tax Sharesies will pay on your behalf for your US shares income is 33%. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. With managed funds, the amount of tax you pay is based on the Prescribed Investor Rate (PIR) that you set. When you invest in ETFs, the fund manager manages the tax and pays this at a flat rate of 28%. 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. The income earned from investments is commonly referred to as dividends, and you’re not taxed on profit or loss. I prefer to invest in shares directly via a discount brokerage like Broking Direct or ASB broking. If you fill out an IR3 form, this statement shows all the information you need to provide as well as some handy instructions. 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. 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. Sharesies is just giving me another way of buying them with the key feature being the lower barrier to entry, just $5. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. This will include both your NZ and US tax information. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. Other than this, a brokerage fee is supposed to be paid, whenever you wish of buying or selling of the shares in companies. Some countries have tax treaties to avoid taxing you twice on the same investment. A low cost way to enter the share market buying into one of their index funds. 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. 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. 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). Read more about how tax works at Sharesies. 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. 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. If this is you, Sharesies can’t handle your tax for you and you should seek tax advice. Sharesies is expensive for beginners Sharesies will pay a total of 33% tax to the IRD on your behalf, but no tax to the IRS. The total tax Sharesies will pay on your behalf for your US shares income is 33%. Sharesies won’t be handling this for you and you should seek tax advice. In early April each year, we’ll provide a tax statement showing your income for tax purposes for the period ended 31 March. 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. This depends on the total amount of order. 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. Always make sure your PIR is correct in Settings > Tax Details. We spoke to co-founder & CEO Brooke Anderson to find out more. When you think of your typical investor, a student isn’t the first thing that pops into your mind. 25% NZ Bond, 37.5% US 500 and 37.5% NZ Top 50. 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 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. You get all the different types. Very satisfied with my Pixel 5 after coming from a 2XL. The NZX50 is back to the level it was in June 2019. Google have made the transfer process from an old device to a new one so much easier than it used to be . If you receive stock options, talk with your tax advisor to determine how these tax rules affect you. The tax options depend on what country you’re a citizen or tax resident of. If you have an address outside of NZ, you won’t be able to claim a tax treaty rate. 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’ annual fee therefore really erodes its low barriers to entry pitch. The tax rules for stock options are complex. It provides access to a total of more than 2,300 US companies, and allows you to trade on the NZX as well. 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. 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