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What do I do with my Foreign Investment Funds (FIF) calculation?
What do I do with my Foreign Investment Funds (FIF) calculation?

How to use Hatch's FIF calculations to complete your NZ tax return

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Written by Support
Updated over a week ago

Where to find your FIF calculation in Hatch

Tax reports: 31 March 2022 and later

After the end of every tax year you’ll be able to order a custom Hatch FIF tax report in the tax reports section in Hatch. The Hatch FIF report will calculate your FIF income using both the fair dividend rate (FDR) and comparative value (CV) methods. Learn more about FDR and CV.

Tax reports: 31 March 2021

If you ordered a FIF calculation in 2021 it’s available on the 2021 Tax Report page in Hatch. Scroll to the 'Spreadsheets and documents' section, and click on "2021 FIF Calculation.csv".

What to do with your FIF calculation

Your FIF income calculation includes two numbers

These numbers are your total overseas income from your Hatch investments, calculated using the:

  • fair dividend rate (FDR) method

  • comparative value (CV) method

You'll use your FIF income calculation to file your tax return

Because we've done the calculation for you, they don't need an accountant, but if you have one, you can pass the FIF calculation to them to (hopefully) reduce your bill! Otherwise, you can complete your individual tax return (IR3) on your own. These two fields are relevant to your Hatch tax info:

17A: Find this in your annual tax report

17B: Only received overseas income with Hatch? Just choose the lowest of the two calculation methods we've provided (FDR or CV) to put into the 17B field of your individual tax return. Have other overseas investments? Read on.

What if I own shares in Hatch AND on other platforms?

If you own overseas investments outside of Hatch, you’ll need to:

  1. Calculate your FIF income for all other investments using both the FDR and CV methods

  2. Add up the total income from all your investments using each method (i.e all your investments using the FDR method and all your investments using the CV method)

  3. Choose the lowest total income - this is what you'll add to 17B

  4. Transfer all your other overseas shares to Hatch to keep life simple next year 😉

Confused? Let’s dive into an example:

I received my FDR and CV calculations from Hatch and I asked my accountant to calculate FIF on my other investments outside of Hatch, so I have these income totals.


Other investments


Total overseas income (FDR method)




Total overseas income (CV method)




In most cases I can simply add the totals together for each calculation. In this case, I would complete field 17B in my tax return using the CV method because it is the lowest total overseas income - $3,590.19.

Note: If you have overseas investments with multiple brokers/platforms, there are additional considerations

  • Some Australian listed shares are exempt from the FIF rules so don’t need to be included in your calculations.

  • If you owned shares in the same company or ETF across more than one platform/broker during the tax year, you may need to consider alternative approaches to just adding the totals.

  • If you choose to combine FDR totals across multiple platforms/brokers, the same approach for calculating quick sales value needs to have been used for all of them (quick sales are not part of the CV method).

Note: Your tax obligations are unique to you - if you're unsure, we recommend you seek professional tax advice. Your situation may change over time; it’s your responsibility to keep up to date with changes

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