PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Annual fund charge
0.65%
vs peer avg 0.65%
Risk indicator
2/7
1 = lower risk · 7 = higher risk
5-year return p.a.
Less than 5 years of data
peer avg 1.17%
Fund size
NZ$154k
0% growth · 100% income
Invests in a range of cash and cash equivalent investments. Expected to experience low volatility.
Key facts
Fund start date
22 October 2024
Min. investment
NZ$1,000
Tax structure
PIE
Capped at your PIR (max 28%)
How this fund compares to peers
Mechanical comparison vs the 5 other cash funds in our cohort. Source: FMA Disclose register via Sorted Smart Investor. Past performance is not a reliable indicator of future returns.
Annual fund charge
0.65%
Category median: 0.26%
Pricier than most peers (top 90% by fee)
Fund size
NZ$154k
Category median: NZ$13.3m
10th percentile by AUM
Illustrative 5y fee impact on a sample balance of $10,000
$321
Compounded charge over 5 years (excl. returns)
$191 more than peer median
Mechanical scores only — no opinion or recommendation. Different funds suit different investor goals. ManagedFundsNZ is not a Financial Advice Provider. Read the current PDS and consider speaking to a licensed financial adviser.
Top 2 holdings
As at the latest published quarterly fund update (via Sorted Smart Investor).
| Holding | % of fund |
|---|---|
| FI Fisher Institutional New Zealand Cash Fund | 98.47% |
| $ Cash at Bank | 1.53% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- LIFETIME CASH FUND (FND51095) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.28 KB
- Lifetime Retirement Funds PDS 9 March 2026.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 1.20 MB
- LRF Cash Fund Fund Update 31 March 2026.pdf The quarterly update published by the provider PDF, 524.02 KB
- LRF Other Material Information 28 November 2025.pdf Other Material Information PDF, 371.67 KB
- Lifetime Retirement Funds SIPO 09 March 2026.pdf Statement of investment policy and objectives PDF, 466.59 KB
About this category
Funds holding bank deposits and short-term money-market instruments. Lowest-risk fund category; income-focused.
About Lifetime
NZ retirement-income specialist with a small range of conservative-through-growth diversified PIE funds.
See all funds from Lifetime →Head-to-head
Compare Lifetime Cash Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
Other Cash funds
AI & integrations
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the Lifetime Cash Fund?
Lifetime Cash Fund is managed by Lifetime. NZ retirement-income specialist with a small range of conservative-through-growth diversified PIE funds.
What asset class is the Lifetime Cash Fund?
It is a cash managed fund. The fund has a conservative risk profile. Funds holding bank deposits and short-term money-market instruments. Lowest-risk fund category; income-focused.
What are the fees for the Lifetime Cash Fund?
The annual fund charge for the Lifetime Cash Fund is 0.65% p.a., as reported in the latest Quarterly Fund Update sourced from the FMA Disclose register. Always check the current PDS for any additional fees.
What is the risk indicator for the Lifetime Cash Fund?
The risk indicator is 2/7 on the standardised FMA-mandated scale, where 1 is lower risk and 7 is higher risk. The risk indicator is calculated from the fund's price volatility over the past five years and is published in every Quarterly Fund Update.
Is the Lifetime Cash Fund a PIE fund?
Yes. The Lifetime Cash Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How big is the Lifetime Cash Fund?
Fund size (assets under management) is NZ$154,127 as at the latest Quarterly Fund Update. Asset mix is approximately 0% growth assets and 100% income assets.
What does the Lifetime Cash Fund invest in?
The latest published top holdings are: Fisher Institutional New Zealand Cash Fund (98.47%), Cash at Bank (1.53%). Holdings are disclosed in each Quarterly Fund Update; the full portfolio holdings file is also available via the FMA Disclose register.
How can I invest in the Lifetime Cash Fund?
The Lifetime Cash Fund is available via Lifetime directly. Always read the current Product Disclosure Statement before investing.