With a Kiwibank PIE Online Call or PIE Term Deposit, an attractive rate of return and lower tax could mean a better return for you. This is because PIEs have special tax rules and a maximum tax rate of 28%*.
Use our simple calculator to see the real difference in return between PIE and standard investments.
Download the Investment Statement for Kiwibank PIE Online Call Fund, Kiwibank PIE Term Deposit Fund and Kiwibank Notice Saver (PDF 264 KB), which has important information that you should consider before investing.
On 13 December 2012, Kiwibank Investment Management Limited registered a prospectus for the Kiwibank PIE Unit Trust (“the Prospectus”). A Memorandum of Amendments to the Prospectus was registered on 20 June 2013. The Prospectus (as amended by the Memorandum of Amendments) can be found at www.business.govt.nz/companies under "Kiwibank Investment Management Limited – Documents".
* If you pay tax at the top marginal rate.
The effective rate takes into account the potential tax rate savings relative to interest earned on a direct investment that would otherwise be assessed at the top marginal tax rate (which is higher than the maximum tax rate on PIE returns). The effective rate may vary depending on the investor’s personal taxation position.
Rates of return subject to change. Units in Kiwibank PIE Online Call Fund, Kiwibank PIE Term Deposit Fund and Kiwibank Notice Saver are distributed by Kiwibank Limited and are issued by Kiwibank Investment Management Limited. Download the Investment Statement for Kiwibank PIE Online Call Fund, Kiwibank PIE Term Deposit Fund and Kiwibank Notice Saver (PDF 264 KB) or pick up a copy from your local Kiwibank.
This communication contains general information only and not investment or tax advice, and as such you should not rely on it as the sole basis for any financial decision. Potential investors should seek professional advice as to whether an investment is right for them, including the taxation implications of investing in an investment.