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.
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.
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.
Vault has worked with Implemented Investment Solutions, who are the issuer and manager of VIBF, to build a PIE investment fund that operates within New Zealand’s regulatory frameworks.
What People Say About Vault Digital Funds
“My main concern with investing in bitcoin has been the complexity of storage. I understand leaving bitcoin on an exchange is not safe, but I don’t want to store it myself and end up losing the passwords. Buying a fund to get the same bitcoin exposure without the effort certainly works for me.”
“This product is great. It really changed my mind about investing in Bitcoin. I was concerned and confused about having to store bitcoin myself. But Vault takes away all that hassle. It also has the added benefit of being more tax efficient.”
“I’m a relative beginner in terms of investing and definitely no expert when it comes to looking after crypto. I had some fear around the security of my investment, so the thought of handing over responsibility for this to an experienced fund manager made me feel much more relaxed. The tax benefits are a big incentive and I’m looking forward to seeing what the future holds!”