Why Investors Choose Vault
Investing with Vault Digital Funds is the simple, smart and trusted way for Kiwis to invest in digital assets like Bitcoin - providing you with easy exposure to this dynamic and exciting new digital asset class.
Simple
Investors buy a unit in a PIE fund (not Bitcoin directly). Investors can gain exposure to digital assets investing without the challenges of buying, storing, and safekeeping digital currencies directly.
Smart
The Vault International Bitcoin Fund is a Multi-rate Portfolio Investment Entity (PIE) that will be taxed in accordance with the Fair Dividend Rate method. Given the PIE fund will own fund(s) listed on an offshore exchange, the underlying investment will be treated as a global equity for tax purposes.
In effect, this means you will pay no capital gains tax on any gains made on the VIBF. There will be an annual “deemed” dividend of 5% per annum, and investors would pay a maximum of 28% of tax on that 5% dividend, so an effective maximum tax rate of 1.4%pa.
Trusted
Vault has worked with FundRock NZ Limited, who are the issuer and manager of VIBF, to build a PIE investment fund that operates within New Zealand’s regulatory frameworks.