Portfolio Investment Entities (PIEs)

Calculate PIE options

Get a bigger slice of the pie and potentially pay less tax with Portfolio Investment Entities (PIEs).

Key features and benefits

  • PIE investments have special tax rules and have a maximum tax rate on interest income of 28%.

  • The tax you’ll pay on any investment income from a PIE is based on your prescribed investor rate (PIR) instead of your personal income tax rate – so you could end pay less in tax than you would on a non-PIE account or investment.

  • Available to almost everyone including companies, trusts and organisations.

  • Choose from Notice Saver, PIE Term Deposit or PIE Online Call.

How PIE funds work

  • With a PIE, the tax rate on your interest income is capped at a maximum of 28%. This means you could end up paying less tax than you would on a non-PIE account or investment, which has a tax rate of up to 33%.
  • The tax rate that applies to the returns from your PIE is called your Prescribed Investor Rate (PIR). You can update or check your PIR using internet banking or our mobile app.
  • You'll need to provide an IRD number to open a PIE account. You can add your IRD number using internet banking or our mobile app.

Pick the right Prescribed Investor Rate (PIR)

When you sign up for a PIE, you need to make sure you select the right PIR rate. Depending on your circumstances, your PIR will be 10.5%, 17.5% or 28%. If you need help working out your PIR, take a look at our tax information page.

If you don’t select a PIR, your rate will automatically default to the highest option – 28% – and you may end up paying a higher rate than you need to. If that happens, you won’t be able to claim back any tax you’ve overpaid. On the flip side, if you put a lower PIR than you should, you’ll be liable to pay any tax shortfall.

Work out your PIE options

To compare the interest you’d make on a PIE fund with our standard investment accounts, try our PIE investment calculator.

Apply now

If you’re keen to build your nest egg with a PIE fund, you can apply online.

New to Kiwibank or want to talk through options?

No problem, the easiest way to apply is to complete our form and an investment expert will call you.

Apply now

Already a Kiwibank customer?

Log in to Internet Banking and go to Apply & Open to make it happen.

Log in to Internet Banking

In branch

You can also visit one of our branches whether you're new to Kiwibank or already a Kiwibank customer.

Find my nearest Kiwibank

Once your application is complete, our team will get in touch with you so make sure you have your:

  • IRD number and the IRD number of any joint applicant(s)
  • Prescribed Investor Rate (PIR) if you're applying for a PIE investment
  • Passport and/or driver licence to verify your identity and your address.

If you're a business banking customer, please call 0800 601 601 or talk to our business banking managers.

Kiwibank PIE Unit Trust

Kiwibank Investment Management Limited is a subsidiary of Kiwibank and manages the PIE products Kiwibank provides. When you deposit money in one of our PIE funds, you're issued with units. The Trust Deed (PDF 6.2 MB) covers how this is managed and the provisions that apply.

Read the following Kiwibank PIE Unit Trust Annual Reports: