Foreign investment funds, or FIF

There are special tax rules for Kiwi investors who have invested more than $50,000 NZD in Foreign Investment Funds (FIF), including shares in companies listed on foreign share markets, a foreign unit trust such as foreign mutual funds, overseas superannuation schemes, and life insurance policies through an overseas provider. FIFs use a specific tax calculation to determine taxable income. FIF tax rules only apply if your initial investment cost goes above $50,000 NZD at any point in the tax year. Spouses with joint holdings have a $100,000 NZD threshold. Understand the FIF tax rules here.