How you could boost your investment returns. The ANZ PIE Fund is a tax-efficient investment that could deliver a better after tax return.
The ANZ PIE Fund is a Portfolio Investment Entity that operates under special tax rules. This means that the maximum tax rate on income earned in the ANZ PIE Fund is 28%.
The tax you pay on income earned from your ANZ PIE Fund investment is determined by your Prescribed Investor Rate or PIR (see below for more on your PIR and how to work it out). If you are paying income tax at a rate of 30% or higher, you’ll benefit from the difference between your income tax rate and the tax rate on your investment.
Ryan has $100,000 to invest. His income tax rate is 33% and he works out that his PIR is 28%.
He can invest in a traditional term deposit or an ANZ PIE Fund term investment. Both are offering a return of 3.5% p.a. for 12 months.
You may also benefit if you have a PIR of 10.5% or 17.5%. For more information and examples, see the ANZ PIE Fund information brochure.
If you're an individual, you can use the table below to help you work out your PIR. This table is intended as a guide only. If you're not an individual, e.g. a business or a trust (including trustees), or you want tax advice for your individual circumstances you should contact Inland Revenue or your tax professional to determine your PIR.
Chart text description
Are you a New Zealand tax resident?
If your answer is:
In either of the last two income years:
If your answer is:
In either of the last two income years:
If your answer is:
[End of text description]
If, after considering the two previous income years you qualify for two rates, your PIR is the lowest rate.
*Your attributed PIE income or loss for an income year is the amount of income or loss attributed to you by PIEs in that income year. This is recorded in the tax certificate issued by PIEs to you at the end of each income year. An income year generally runs from 1 April of the previous year to 31 March of the current year.
If you are investing jointly with another person and your PIRs are the same, tell us which investor to attribue the income to and the PIR that should apply. If your PIRs are not the same, we must give the income to the investor with the highest PIR. If you don't make a selection, we give the income to the first named investor at the default rate of 28%.
The term option has a set rate of return over a fixed amount of time.
The call option has a flexible rate of return, with easy access to your investment anytime.
Use our online tool to help you decide.
Calculate how much your savings could grow over time.
Calculate how much interest you could earn from a term deposit.
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ANZ Investment Services (New Zealand) Limited is the issuer and manager of the ANZ PIE Fund. A copy of the ANZ PIE Fund terms and conditions (PDF 218KB) is available from any ANZ branch. Investments in the ANZ PIE Fund are not deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited or their subsidiaries (together “ANZ Group”). Neither ANZ Group nor The New Zealand Guardian Trust Company Limited (the "Trustee") stand behind or guarantee ANZ Investment Services (New Zealand) Limited. Investments are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. Neither ANZ Group nor the Trustee will be liable to you for the capital value or performance of your investment. Australian Prudential Regulatory Authority (APRA) regulates all Authorised Deposit Taking Institution (ADI) in Australia. Australia and New Zealand Banking Group Limited is an ADI however, ANZ Bank New Zealand Limited is not an ADI.
Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.
A copy of the General Terms and Conditions is available from any ANZ branch.