What is a Portfolio Investment Entity (PIE)?
Last Updated: 24 Sep 2021
A PIE is a type of investment entity that attributes taxable income to its investors and pays tax on their behalf at their Prescribed Investment Rate (PIR). The ASB KiwiSaver Scheme is a PIE.
You can find out more about PIRs by visiting our PIR help page. If you need to update your PIR, you can do so in FastNet Classic internet banking:
- Log in and select your Profile in the top right hand corner.
- Select Update Tax Details.
- You’ll see your tax details we have for you.
- Make any changes you need to.
- Select Save.
Or by contacting us.
For more information about how your KiwiSaver investment is taxed see section 6 (What taxes will you pay?) of the Other Material Information document.
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