Ngā pūtea haumi o tāwāhi Foreign investment funds

If you’re a New Zealand tax resident and your total attributing interests in foreign investment funds (FIF) cost you more than NZ$50,000 to buy, the FIF rules apply.

Types of attributing interests the FIF rules apply to include:

• shares in foreign companies, including units in foreign unit trusts or mutual funds
• certain foreign superannuation interests
• interests in foreign life insurance policies.

FIF income is attributed to an investor. This may mean an investor has FIF income before actually getting any money.