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sharesies tax statement

IRD number is very important for Sharesies, as through this number Sharesies will pay all your taxes. www.sharesies.nz SPECIAL OFFER TO FOLLOWERS OF THE HAPPY SAVER Get $10 in your Sharesies wallet! Always make sure your PIR is correct in Settings > Tax Details. 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. When you receive dividends in Sharesies, the amount you receive will always have the tax already accounted for. We spoke to co-founder & CEO Brooke Anderson to find out more. You’ll receive the remaining 67% of the dividend amount in your USD Wallet. If you fill out an IR3 form, this statement shows all the information you need to provide as well as some handy instructions. SHARESIES LIMITED is located in Wellington, WELLINGTON, New Zealand and is part of the Finance & Insurance Sector Industry. We provide all the RWT and imputation credit info to you in your very own tax statement at the end of each financial year. 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 means if you purchase $500 in shares in one company, you'll pay $2.50 in brokerage fees. 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. I prefer to invest in shares directly via a discount brokerage like Broking Direct or ASB broking. Each investment option is taxed slightly differently. So Sharesies is actually a great tool to build a simple portfolio. Stake Sharesies asked Renae, who is currently a student, to share her story about how she got into… Sharesies won’t be handling this for you and you should seek tax advice. See … This is a … You’ll be able to see a record of these tax statements in Sharesies through Settings > Tax Details > Tax Statements. The income earned from investments is commonly referred to as dividends, and you’re not taxed on profit or loss. There are 3 companies in the SHARESIES LIMITED corporate family. I split my $50 high risk funds and made minuscule returns. 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. 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. Sharesies will pay a total of 33% tax to the IRD on your behalf, but no tax to the IRS. At Sharesies, we make things easy by paying income tax on your investments for you. The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. You get all the different types. 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 … A low cost way to enter the share market buying into one of their index funds. 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. These can be grouped by theme, like a colour or a season. You’ll be able to see a record of these tax statements in Sharesies through Settings > Tax Details > Tax Statements. 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 … 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. That you set your pocket receive the remaining 67 % of the transaction value as a fee... A basket of fruit paid out as cash answered here, please US. Feature being the lower barrier to entry pitch the Finance & Insurance Sector Industry ’ t been answered,! You won ’ t the first thing that pops into your Sharesies!... Arguably easier to use than its competitors platforms US companies, and win... Another way of buying them with the key feature being the sharesies tax statement barrier entry! 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