Why Premium Plus?
Premium for the highly competitive rate of return
Plus for the investment tax advantages
Spicers Premium Plus is a cash PIE product, which means the tax on your income is limited to a maximum of 30%. The NZ government has allowed this tax benefit for PIEs - Portfolio Investment Entities - to encourage Kiwis to invest their money in savings.
PIEs came into existence on 1 October 2007. There are some different rules for individual investors, non-resident investors, company investors and trustee investors. This cash investment is designed to meet your short-term income requirements by providing a competitive rate of interest - in a nutshell, Spicers Premium Plus will suit investors who want an alternative to bank deposits, ready access to their funds, and easy switching to other investment options offered by Spicers.
Why should you be excited?
Pay less tax - you may currently be paying 39% tax on income earned on savings, if you invest in Spicers Premium Plus tax on your investment income is capped at 30%.
Low risk – Spicers Premium Plus invests in a diverse range of New Zealand government, registered bank and other approved securities.
No fees for set-up, no fees charged on transactions, no penalties on early withdrawals (unlike bank term deposits) and no charges levied on deposits or withdrawals.
Minimum investment of $5000, then you can deposit additional sums on a regular basis if you wish, or just add lump sums as and when you choose
Monthly compounding effect
Online access – you can view your balance online (as with all your Spicers investments)
Spicers can point you in the right direction when it comes to achieving your financial goals and dreams. Contact a Spicers adviser for an initial discussion at no initial cost and with no obligation.
The Spicers Premium Plus Investment Statement and Application Form are available here.
The Spicers legal disclosure statement is available on request and free of charge by contacting Spicers on 0800 777 802,
or by email at spicers@spicers.co.nz. Alternatively, a copy of the legal disclosure document can be downloaded here.