{"Term":"Multi-rate PIE (MRP)","Definition":"\u003cp\u003eA multi-rate PIE or multi-rate portfolio investment entity is an investment scheme where investors can choose their tax rate (prescribed investor rate or PIR).\n\u003c/p\u003e\n\u003cp\u003eMRPs work out tax based on the PIR their investors give them.\n\u003c/p\u003e\n\u003cp\u003eKiwisaver scheme providers are a common type of MRP.\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}