Do I need to pay tax?
Each of the Tempo Funds is a portfolio investment entity (“PIE”). You may need to pay PIE tax on income you earn from the funds, based on your PIR tax rate. Where you make a withdrawal or switch between funds, any PIE tax payable will be automatically deducted from the amount withdrawn or switched.
To make it super simple we automatically take care of your tax for you based on your PIR tax rate. Each year you will receive an annual tax statement, which will include the amount of tax paid at your provided PIR tax rate.