PIEs for New Zealand-resident individual investors
A portfolio investment entity (PIE) is a new type of entity (such as a managed fund) that invests the contributions from investors in different types of investments. PIEs came into existence on 1 October 2007. Eligible entities that elect to become a PIE will generally pay tax on investment income based on the prescribed investor rate (PIR) of their investors, rather than the entity's tax rate.
How it works
Date published: 11 May 2008