Get a bigger slice of the pie and potentially pay less tax with Portfolio Investment Entities (PIEs).
PIE investments have special tax rules and have a maximum tax rate on returns 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 up paying 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.
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.
Standard terms and conditions
Kiwibank PIE Online Call Fund, Kiwibank PIE Term Deposit Fund and Kiwibank Notice Saver are funds within a Portfolio Investment Entity (PIE). 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. See all investments terms and conditions or pick up copies from your nearest Kiwibank.
This communication contains general information only and not investment or tax advice, and as such you shouldn't 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 such an investment.
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