Portfolio Investment Entities (PIEs)

Pay less tax with a Portfolio Investment Entity (PIE). PIE investments have a maximum tax rate of 28% on returns. This is getting a bigger slice of the pie.
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Key features & benefits

  • 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.

How PIE funds work

Pick the right Prescribed Investor Rate (PIR)

From time to time, Inland Revenue may advise us to change your PIR if they identify that you’re on the wrong rate. If this happens, we'll notify you. If you believe Inland Revenue hasn't given us the correct PIR, you can change your PIR subsequently. You'll need to contact Inland Revenue to discuss why you believe their information is incorrect.

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 covers how this is managed and the provisions that apply.

Open or apply for a PIE fund

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

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 fund
  • Confirmation of ID and proof of address. See more about acceptable forms of ID and proof of address.

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

New to Kiwibank or want to talk through options?

No problem, the easiest way to apply is to complete our form and an investment specialist 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.

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