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Explore the real-world impact of FIF tax on portfolio design, asset selection, and long-term investor outcomes. In this webinar, Dean Anderson will break down the Fair Dividend Rate (FDR) default method and compare it with the Comparative Value (CV) method that applies to many international ETFs and Australian Unit Trusts. You will gain a deeper understanding of how different structures create tax drag, how PIE funds cap tax liability at 28% through FDR, and where that tax advantage can be neutralised or reversed.

The webinar will also examine how FIF affects Trusts, including the implications of the 39% trustee rate. You will leave with a clear, applicable framework for assessing whether a FIF-taxed vehicle or PIE-taxed fund is more efficient for a given client - and how to communicate these trade-offs with clarity and confidence.

What you will learn:

  • Understanding of how the Fair Dividend Rate (FDR) and Comparative Value (CV) methods drive different after-tax outcomes for NZ investors.
  • Be able to identify when PIE structures provide a tax advantage through their capped 28% rate and default FDR treatment - and when they do not.
  • Understanding of how AUTs and international ETFs taxed under FIF can reduce or enhance portfolio efficiency depending on client profile.
  • Knowledge of how FIF rules apply differently for Trusts, including trustee rate implications and beneficiary income distributions. Proposed changes to FIF rules discussed.
  • Frameworks for constructing optimised portfolios that balance cost, liquidity, diversification, and tax drag.

Dean Anderson - Chief Executive, Kernel Wealth

Dean Anderson is the Founder and CEO of Kernel, a digital-first investment manager and wealth platform. After years of experience in the financial sector, including a pivotal role at the NZ Stock Exchange, Dean launched Kernel to make high-quality investment opportunities accessible to everyone.

He is a leading voice in the New Zealand fintech and investment space, focused on using innovation and education to help people manage and grow their wealth. Dean is a dedicated advocate for financial literacy and is on a mission to help more Kiwis achieve their financial goals through smarter, more transparent investing.

Host: Christine Hay - Managing Director, Financial Sense Limited

Christine is a highly respected financial adviser with a proven track record of excellence in the industry. Recognized with numerous industry awards over the years, she holds both the CFP (Certified Financial Planner) and CLU (Certified Life Underwriter) designations—internationally recognized symbols of expertise and professionalism. In addition to these global credentials, Christine has a Postgraduate Diploma in Personal Finance and a Bachelor of Business Degree.

With over 20 years of experience as the founder and financial adviser at Financial Sense Limited, Christine is dedicated to helping clients achieve their financial goals. Whether guiding first-time investors, providing strategic portfolio advice, or supporting retirement planning and KiwiSaver decisions, she is committed to delivering tailored solutions that put her clients’ interests first.

CPD: 1 hours

Member: Complimentary | Non-member: $50 (+GST)

A separate Zoom Registration Link will be emailed to registrants

  • 17/06/2026
  • 10:00AM to 11:00AM
    (New Zealand Standard Time)
  • Webinar

FIF Tax and PIE Structures- how tax shapes portfolio efficiency

Explore the real-world impact of FIF tax on portfolio design, asset selection, and long-term investor outcomes. In this webinar, Dean Anderson will break down the Fair Dividend Rate (FDR) default method and compare it with the Comparative Value (CV) method that applies to many international ETFs and Australian Unit Trusts. You will gain a deeper understanding of how different structures create tax drag, how PIE funds cap tax liability at 28% through FDR, and where that tax advantage can be neutralised or reversed.

The webinar will also examine how FIF affects Trusts, including the implications of the 39% trustee rate. You will leave with a clear, applicable framework for assessing whether a FIF-taxed vehicle or PIE-taxed fund is more efficient for a given client - and how to communicate these trade-offs with clarity and confidence.

What you will learn:

  • Understanding of how the Fair Dividend Rate (FDR) and Comparative Value (CV) methods drive different after-tax outcomes for NZ investors.
  • Be able to identify when PIE structures provide a tax advantage through their capped 28% rate and default FDR treatment - and when they do not.
  • Understanding of how AUTs and international ETFs taxed under FIF can reduce or enhance portfolio efficiency depending on client profile.
  • Knowledge of how FIF rules apply differently for Trusts, including trustee rate implications and beneficiary income distributions. Proposed changes to FIF rules discussed.
  • Frameworks for constructing optimised portfolios that balance cost, liquidity, diversification, and tax drag.

Dean Anderson - Chief Executive, Kernel Wealth

Dean Anderson is the Founder and CEO of Kernel, a digital-first investment manager and wealth platform. After years of experience in the financial sector, including a pivotal role at the NZ Stock Exchange, Dean launched Kernel to make high-quality investment opportunities accessible to everyone.

He is a leading voice in the New Zealand fintech and investment space, focused on using innovation and education to help people manage and grow their wealth. Dean is a dedicated advocate for financial literacy and is on a mission to help more Kiwis achieve their financial goals through smarter, more transparent investing.

Host: Christine Hay - Managing Director, Financial Sense Limited

Christine is a highly respected financial adviser with a proven track record of excellence in the industry. Recognized with numerous industry awards over the years, she holds both the CFP (Certified Financial Planner) and CLU (Certified Life Underwriter) designations—internationally recognized symbols of expertise and professionalism. In addition to these global credentials, Christine has a Postgraduate Diploma in Personal Finance and a Bachelor of Business Degree.

With over 20 years of experience as the founder and financial adviser at Financial Sense Limited, Christine is dedicated to helping clients achieve their financial goals. Whether guiding first-time investors, providing strategic portfolio advice, or supporting retirement planning and KiwiSaver decisions, she is committed to delivering tailored solutions that put her clients’ interests first.

CPD: 1 hours

Member: Complimentary | Non-member: $50 (+GST)

A separate Zoom Registration Link will be emailed to registrants

When
17/06/2026 10:00 AM - 11:00 AM
New Zealand Standard Time
Spots available
Registration
Registration is closed.
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