A portfolio investment entity or PIE is a type of managed fund that invests in different kinds of passive investment. For example, KiwiSaver providers are sometimes PIEs.
Companies, trusts, superannuation schemes or managed funds can choose to become PIEs. There are different advantages depending on the type of PIE – multi-rate, listed or various sub-types.
This section is for PIEs themselves, you can find information that relates to you or your business here.
Portfolio investment entity income for individuals
Income from portfolio investment entities PIEs for non-individuals
Tax summary
Different PIEs have different tax obligations, but all multi-rate PIEs must file a reconciliation return each year. RWT is not charged on PIE income.
Multi-rate PIEs are the most common type of PIE. Their income is taxed at their investors’ prescribed investor rates (PIRs). In contrast, listed PIEs are taxed at their own rate depending on what kind of entity they are. (For example, a company.)
Setting up
-
Types of portfolio investment entities
There are several types of PIEs, each with different tax advantages and requirements.
-
Eligibility to be a PIE
Your company, trust or superannuation scheme must meet certain requirements to become a portfolio investment entity (PIE).
-
Become a portfolio investment entity
Follow these steps to register your company, trust or superannuation fund as a portfolio investment entity (PIE) or PIE investor proxy (PIP).
-
Proxies for PIE investors
Proxies for PIE investors are intermediaries through which investors can invest in a PIE.
Ongoing
-
Multi-rate PIEs and prescribed investor rates
Prescribed investor rates (PIRs) and portfolio investment entities (PIEs).
-
Investor statements for multi-rate PIEs
Multi-rate PIEs must send investor statements to their investors.
Closing down
-
Cancelling portfolio investment entity registrations
A portfolio investment entity’s (PIE) registration can be cancelled if it stops meeting the requirements to be a PIE. It can also choose to deregister.
-
Cancel a PIE
Follow these steps to cancel your portfolio investment entity's (PIE) registration.