Let’s say you pay income tax at 33% and have $150,000 invested in a regular On Call account that’s earning 3.75% per annum. In this scenario you’ll receive an annual return of $3,804 after tax.
With the tax benefits of a TSB Bank PIE Cash Fund* earning the same 3.75% per annum, you'll receive an after tax $4,091 per annum.
This equates to 4.07% per annum return if you had to pay the 33% tax rate – giving you an extra $287 to enjoy.
View the Investment Statement and terms and conditions for the TSB Bank PIE Cash Fund.
A prospectus was registered with the Registrar of Financial Service Providers on 15 February 2013 (as amended by a Memorandum of Amendments dated 27 February 2013) - view it here or at any TSB Bank branch.
Click to Call
* Assumes invested for a full year, receiving quarterly interest, you have a Prescribed Investor Rate of 28% and no withdrawals are made.