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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 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.
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.