Cash PIEs are at-call funds that offer investors the tax advantages of the Portfolio Investment Entity regime, and they pay tax on investment income based on the prescribed investor rate (PIR) of their investors, rather than at the entity's tax rate. Savers who'll benefit the most are those on a 30% or 33% income tax rate, because a PIE caps your tax rate at 28%. Use our Deposit Calculator to work out the after-tax savings that will apply to you.
Cash PIEs
Banks
| Issuer | Account name | Minimum deposit | Interest compounds | Fees | Advertised Rate % p.a. | Equivalent gross return for a 30% taxpayer | Equivalent gross return for a 33% taxpayer |
|---|---|---|---|---|---|---|---|
| ANZ | Call Fund | $500 | Q | $0 | 1.50 | 1.54 | 1.61 |
| ASB | Cash Fund $1 | $1 | M | $0 | 1.65 | 1.70 | 1.78 |
| Heartland Bank | Call PIE | $1,000 | M | $0 | 3.60 | 3.75 | 3.92 |
| Kiwibank | On-line Call | $1 | M | $0 | 3.25 | 3.38 | 3.53 |
| Westpac | Online Bonus Saver PIE (base) | $500 | M | $0 | 1.00 | 1.02 | 1.07 |
| Online Bonus Saver PIE (potential rate) | $500 | M | $0 | 3.25 | 3.38 | 3.53 |
Fund/Wealth Managers
| Issuer | Account name | Minimum deposit | Interest compounds | Fees | Advertised Rate % p.a. | Equivalent gross return for a 30% taxpayer | Equivalent gross return for a 33% taxpayer |
|---|---|---|---|---|---|---|---|
| Sharesies | Save | $1 | M | $0 | 3.55 | 3.65 | 3.81 |