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Ngā pūtea haumi o tāwāhi Foreign investment funds


A foreign investment fund (FIF) is an offshore investment that is:

  • a foreign company
  • a foreign unit trust
  • a foreign superannuation scheme (prior to 1 April 2014)
  • a FIF superannuation interest
  • an insurer under a foreign life insurance policy.

The shares in these holdings usually need to be under 10% to be classed as a FIF.

Foreign investment fund income

Income attributed from a foreign investment is defined as FIF income. This may mean an investor has FIF income before actually receiving any money.

Calculating FIF income

There are different methods to calculate your foreign investment fund.

Investors with less than NZ$50,000 of attributing interest in a FIF are not required to calculate income under the FIF rules. These investors will continue to pay tax only on dividends received.