Frequently asked questions - Investments & advice

ANZ has two PIE Funds - the ANZ Call Fund and the ANZ Term Fund.

• Find out more about ANZ PIE Funds

No fees apply to the ANZ Call Fund. An early repayment fee may apply to the ANZ Term Fund.

The money you invest in the ANZ Call Fund or ANZ Term Fund is pooled with other investors' money. The Funds then invest in deposits with ANZ.

You are then allocated units in the Fund of your choice equivalent to the value of the money you invest. Generally $1 invested = 1 unit.

The ANZ PIE Funds only invest in either call deposits or term deposits with ANZ. This means that they have an investment approach that is uncomplicated.

This is likely to see them having a lower risk profile than many managed funds investing in companies listed on the share market or in property investments.

A PIR is the rate your PIE income will be taxed at. Each year we will ask you what your PIR will be for the coming year.

If you don't supply your PIR, the income you earn from investment in the ANZ PIE Funds will be taxed at 30%.

Type of investor*	PIR
Income** of less than $38,000	19.5%
Income** of less than $38,000 and total income less than $60,000#	19.5%
Income** of $38,000 plus	30%
Companies, charities, non-profit organisations and trusts^	0%
Trusts	19.5%
Non-residents, trusts and default	30%

* For New Zealand residents

** Taxable income in either of the last two tax years. For example: income from salary, wages, and any additional sources of income that would be included in an income tax return.

# Taxable income must be less than $38,000 and total income including PIE income must be less than $60,000.

^ Trusts may elect a PIR of 30%, 19.5% or 0%. 

Note: For partnerships and joint investments the highest PIR must be used.