An ANZ PIE fund is an easy way to invest your money. If you're in the 33% or 39% tax bracket, you can potentially earn more from your investment because a PIE caps your effective tax rate at 30%.
- ANZ Call Fund: easy access to your money, usually with next working day availability
- ANZ Term Fund: lock your money in for a fixed term and set rate of return
In October 2007, new tax legislation came into effect that allowed for the creation of a new investment vehicle called a Portfolio Investment Entity (PIE). The PIE tax rules mean the tax rate payable on a PIE fund is capped at 30%. So if you're on 33% or 39% income tax rate, you'll effectively pay just 30% tax on your PIE income. The sooner you sign up, the sooner you keep more of your hard-earned money.
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Benefits |
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Maximum tax rate on PIE income is 30%
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If your income tax rate is 33% or 39%, you'll be effectively paying less tax and thus obtaining greater potential returns from your investment
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Invested 100% in ANZ deposits
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An uncomplicated investment approach, which means that the ANZ PIE funds are likely to have a lower risk profile than many managed funds investing in companies listed on the share market or
in property investments
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No fees (Except an early repayment fee on the ANZ Term Fund may apply).
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Fees don't eat into your investment
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Income is calculated daily and distributed quarterly in the form of additional units
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Income compounds quarterly
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Tax on PIE income is paid quarterly by the fund
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The PIE pays the tax on your behalf
at the PIR rate provided by you
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Dedicated support team
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Any questions can be answered quickly
and easily by calling 0800 269 468
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Apply in branch
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Complete the simple application form, deposit your money, and you have a
PIE, as easy as that.
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