Frequently Asked Questions
Mint Asset Management advises that all investors should seek independent financial
advice prior to making any investment decisions.
Should you have any query as below you should contact your financial adviser in
the first instance.
Q: How do I invest with Mint Asset Management?
A: We recommend investors take independent financial advice.
Application forms are attached to the Investment Statement and an Investment Statement can be
obtained from your financial advisor. Alternatively you may email us at
products@mintasset.co.nz or you may download a copy
from the product information page for each product.
Please note that the first application for an investment with Mint Asset Management
will require proof of identity together with your IRD number and PIR (Prescribed Investor Rate).
Q: How do I get product information such as Investment Statements or Fact Sheets?
A: You may obtain information including Investment Statements, Prospectuses
and product information from your financial adviser or by emailing products@mintasset.co.nz
and we will forward documents to you. Alternatively, you can download an investment statement from
the product information page for each product.
Q: What is a PIE and is this product registered as a PIE?
A: A PIE is a Portfolio Investment Entity. Under recent changes to New
Zealand legislation a managed fund may register to be a Portfolio Investment Entity which means investment
income within the managed fund is subject to different rules relating to tax. These products are currently
registered as PIEs. Among these rules capital gains on all New Zealand and some Australian shares incur no
tax while other income is subject to tax calculated on the basis of each investor’s Prescribed Investment Rate (PIR).
Q: What is my PIR and why is it important?
A: A PIR is the tax rate used to calculate tax on taxable income. Each investor,
whether an individual, company, trustee, registered charity or superannuation fund, has a PIR. For an individual
your PIR is based on your taxable income and other income received from investing in PIEs over the last two years
and is either 19.5% or 30% (from 1 April 2008). You must supply your PIR at the time of investment and advise
of any change thereafter.
- I am an individual investor, how do I determine my PIR?
If you are a New Zealand resident investor and in either of the last two years your taxable income was $38,000 or less and this income when combined with allotted income or loss from all investments in all your PIE investments was $60,000 or less your PIR is 19.5%. Otherwise it is 30% (from 1 April 2008).
- I am a joint investor, what PIR will apply?
The PIR of the joint investor with the highest individual PIR will apply to an investment in this product held in joint names.
- I am a trustee of a family trust, what PIR will apply?
An investment on behalf of beneficiaries of a Trust will be subject to a PIR nominated by the trustees of either 0% or 30% (from 1 April 2008) that best suits the beneficiaries. In nominating the appropriate PIR the trustees may need to seek independent tax advice.
- My investment is by way of a company, superannuation fund, society or another PIE what PIR will apply?
0%
Q: Can I invest in this product via KiwiSaver or is there a KiwiSaver version of this product?
A: No. Currently our product range is unavailable via KiwiSaver, though we will revisit this position as KiwiSaver grows in popularity.
Q: How do I top up my investment?
A: Additional investments can be made on the Application Form attached to the Investment Statement. Any subsequent investment will not require you to re-submit proof of identity. Should you require an Investment Statement/Application Form please contact your financial adviser or email us at products@mintasset.co.nz. Alternatively, you can download an Application Form
together with the Investment Statement from the product information page for each product.
Q: How do I check on the valuation of my investment?
A: If you need the valuation of your investment you can call the Administrator on 09 309 8926 Monday to Friday excluding public holidays from 9am to 5pm.
Q: How do I get a tax certificate?
A: Please make a request for a tax certificate in writing to the Administration Manager, Mint Asset Management, c/o MMc, PO Box 106-039, Auckland 1143.
Q: How do I redeem all or part or my investment?
A: A request to redeem part or all of your investment must be made in writing to the Administration Manager, Mint Asset Management, c/o MMc, PO Box 106-039, Auckland 1143.
Q: How do I change my income reinvestment choice or my bank details for income payments?
A: A request to change these details must be made in writing to the Administration Manager, Mint Asset Management, c/o MMc, PO Box 106-039, Auckland 1143.
Q: How do I notify a change of address?
A: Notification of a change of address must be made in writing to the Administration Manager, Mint Asset Management, c/o MMc, PO Box 106-039, Auckland 1143.
Q: How do I make a complaint?
A: Any complaint should be directed in writing to Mint Asset Management Limited, PO Box 91649 Auckland Mail Centre, attention: Investor Services Officer. You may also contact the Trustee in writing at New Zealand Permanent Trustees Limited, Level 35, Vero Centre, 48 Shortland Street, Auckland, Attention: Manager Client Services.
If your question has not been answered here please contact your Financial Adviser or click on Contact Us for details of who to contact for additional information.