Calendar
Reference calendar for recurring Microsoft equity events and NZ tax deadlines.
Assumptions
- RSU vests are modelled at ~66 shares per quarter and ~47,000 NZD gross value per vest.
- ESPP purchases are modelled at ~21,886 NZD per cycle (~43,772 NZD per year from current payroll deductions).
- Provisional tax uses the latest known annual estimate of 150,437 NZD, split across three instalments.
- Terminal tax is shown as TBD because the final amount depends on the filed return and any prior tax paid.
- Standard policy: sell RSUs immediately on vest, sell ESPP immediately on purchase, and sell from the most overweight Kernel fund one week before any tax due date.
12-Month Forward Calendar
RSU vest (~66 MSFT shares) +$47K
15 Aug 2026 · Sell on vest → reinvest into target PIE funds
Provisional tax instalment −$50K
28 Aug 2026 · Sell from most overweight Kernel fund by 21 Aug
ESPP purchase +$22K
31 Aug 2026 · Sell on purchase → reinvest into target PIE funds
RSU vest (~66 MSFT shares) +$47K
15 Nov 2026 · Sell on vest → reinvest into target PIE funds
Provisional tax instalment −$50K
15 Jan 2027 · Sell from most overweight Kernel fund by 8 Jan
Terminal tax due TBD
7 Feb 2027 · Confirm IRD assessment; sell from most overweight fund by 31 Jan if payable
RSU vest (~66 MSFT shares) +$47K
15 Feb 2027 · Sell on vest → reinvest into target PIE funds
ESPP purchase +$22K
28 Feb 2027 · Sell on purchase → reinvest into target PIE funds
Provisional tax instalment −$50K
7 May 2027 · Sell from most overweight Kernel fund by 30 Apr
RSU vest (~66 MSFT shares) +$47K
15 May 2027 · Sell on vest → reinvest into target PIE funds
Annual Summary
| Type | Item | Annual Est. Value (NZD) | Notes |
|---|---|---|---|
| Inflow | RSU vests (4 × ~47K) | +$188,000 | Quarterly Feb/May/Aug/Nov cadence |
| Inflow | ESPP purchases (2 × ~21.9K) | +$43,772 | Semi-annual Feb/Aug cadence |
| Outflow | Provisional tax (3 instalments) | -$150,437 | Based on latest known annual estimate |
| Outflow | Terminal tax | TBD | Depends on final tax return and prior payments |
| Net scheduled | Before terminal tax | +$81,335 | Planning surplus from recurring equity events less provisional tax |
Recurring Events Reference
| Event | Cadence | Typical Timing | Est. Value (NZD) | Standard Action |
|---|---|---|---|---|
| RSU vest | Quarterly | Around 15 Feb, 15 May, 15 Aug, 15 Nov | +$47,000 per vest | Sell immediately on vest; reinvest into target PIE funds |
| ESPP purchase | Every 6 months | Late Feb and late Aug | +$21,886 per purchase | Sell immediately on purchase; reinvest into target PIE funds |
| Provisional tax | 3 times per year | 28 Aug, 15 Jan, 7 May | -$50,146 per instalment | Sell from the most overweight Kernel fund one week before due date |
| Terminal tax | Annual | 7 Feb (following tax year) | TBD | Confirm IRD assessment; if payable, sell from the most overweight Kernel fund one week before due date |
Notes
- This page is a planning reference. Confirm exact Microsoft vest and ESPP settlement dates from Fidelity and exact tax amounts from IRD or the tax advisor each cycle.
- If the portfolio becomes fully PIE-only and provisional tax falls away, keep the dates here as a reference but reduce the expected tax outflow estimates.