The Kernel Cash Plus Fund is structured as a Portfolio Investment Entity (PIE) investment. It is therefore taxed at your Prescribed Investor Rate (PIR), rather than your Resident Withholding Tax (RWT) rate.

As a PIE, tax is capped at 28%. So, if you have an RWT rate of 33% or 39%, you will pay less tax!

You can read more about how PIE tax works in our FAQ.