Types of portfolio investment entities

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

Multi-rate and listed PIEs are the main types.

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Multi-rate PIE Multi-rate PIEs are the most common type of portfolio investment entity (PIE). Their income is taxed at the prescribed investor rates (PIRs) of their investors.
Listed PIE Listed portfolio investment entities (PIEs) are companies listed on a recognised exchange in New Zealand that have registered as a listed PIE.
Benefit fund PIE Benefit funds and some superannuation scheme portfolio investment entities (PIEs) help investors save for the long-term or retirement.
Life fund PIE Life fund portfolio investment entities (PIEs) are a part of a life insurer that holds investments.
Foreign investment PIE Zero-rate and variable-rate PIEs are multi-rate PIEs with overseas investments.
Other PIEs Multi-rate and listed portfolio investment entities (PIEs) can be further defined as land, retail, or wholesale PIEs.

Ngā momo hinonga kohinga haumi Types of portfolio investment entities