Types of portfolio investment entities

A portfolio investment entity (PIE) is an entity which meets the requirements to be a PIE, and invests the contributions from its investors in different types of passive investment.

There are several types of PIEs, each with different abilities and tax requirements.

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Multi-rate portfolio investment entity
Multi-rate PIEs (MRPs) need to attribute income, losses and tax credits to investors. They pay tax based on the prescribed investor rates of their investors.
Listed PIE Listed PIEs are companies (including unit trusts) that are listed on a recognised exchange in New Zealand.
Benefit fund PIE Superannuation schemes that are registered under the Financial Markets Conduct Act 2013 and comply with section 169 of the Act.
Life fund PIE Forms part of a life insurer that hold investments subject to life insurance policies.
Foreign PIE Includes foreign zero-rate PIEs and foreign variable-rate PIEs.
Other PIEs Foreign PIE equivalent and land investment companies

Ngā momo hinonga kohinga haumi Types of portfolio investment entities

Types of portfolio investment entities