Yup, I’ve only got 3 holdings and only one is asx.
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Yup, I’ve only got 3 holdings and only one is asx.
A question wot someone might know the answer to. These smartshares funds - do ones focusing on overseas assets fall within the scope of the FIF regulations? Probably they do. Could be that even those focusing on Australia do.
Yes, any overseas fund run out of New Zealand, including Smartshares, falls under the FIF regime. And they have an extra disadvantage because they have to pay FIF tax in down years as well, whereas individuals holding investments in their own name do not. For higher income earners, some of that disadvantage is clawed back as under the PIE regime, (the maximum tax rate paid by investors in these funds being 28%).
All of the FIF tax obligations are taken care of internally by the fund managers. So investors in those funds do not see it in any of their personalized fund paperwork. Nevertheless, those investors who buy into such funds, thinking they are escaping the FIF tax net, are wrong.
SNOOPY
WTF is going on with this Sharesies site ?
NZD well in credit for One Figure
Withdrawable balance 0.00, but can apply the NZD credit balance to further purchases ???????
Are Sharesies now restricting CASH WITHDRAWALS of Member's Cleared Funds or a site glitch ??
Dude - you read my mind. I sold some MLN on Friday and I can't withdraw anything - this is probably to be expected as settlement isn't actually complete until COB today. I can live with that and understand that. The bit that is worrying me is that I got an SCL dividend into my wallet on Friday and THAT should be withdrawable immediately - that should be my money, cash in hand.
I have messaged support twice and no word yet...I'm worried that they've ****ed something up and aren't communicating. Can I suggest you also message support and keep bugging them.