ANZ PIE Fund - Term Option

A tax-efficient investment with a fixed return for a fixed term (minimum investment $10,000).

Benefits

Term option rates

180 days

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240 days

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3 years

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% p.a. effective rate if you pay income tax at 30%

% p.a. effective rate if you pay income tax at 33%

% p.a. effective rate if you pay income tax at 39%


Effective rates: For 30% or higher taxpayers, the ANZ PIE Fund returns can be taxed at 28%. The effective rate is the annualised rate you would need to earn if taxed at your tax rate, to achieve the same after tax return as investing in the ANZ PIE Fund with a PIR of 28%. The calculation assumes returns are not compounded.


Rate of return

Effective rate 30%*

Effective rate 33%**

Effective rate 39%***

30 days

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60 days

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90 days

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120 days

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150 days

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180 days

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210 days

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240 days

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270 days

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1 year

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18 months

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2 years

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3 years

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4 years

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5 years

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Rates are subject to change. Minimum investment $10,000.

Rates apply up to the first $5,000,000 held in all ANZ PIE Fund term investments and are only available to Retail and Business Banking customers. For all other rates, please contact us.

*Applies to investors with taxable income of $48,001 to $70,000.

**Applies to investors with taxable income of $70,001 to $180,000.

***Applies to investors with taxable income of $180,001 and over.

How it works

The ANZ PIE Fund has a term option that works like a term deposit but operates under special tax rules. Before investing, please consider if you’ll need access to your money as with a Term Option you shouldn’t expect to access your money before the maturity date. If you do need access, our Call Option might be more suitable.


Your return

For terms of 180 days or more, returns can be paid at regular intervals (monthly, quarterly, six monthly or annually), at the end of the term, or reinvested (quarterly, six monthly or annually) – it’s your choice.


7 day ‘cooling off’ period

For Retail and Business Banking customers you can have peace of mind. You have a 7 calendar day ‘cooling-off’ period starting on the day that we open or reinvest your term investment for you. During this time you can cancel your term investment, or change the term or amount of your investment.


Early withdrawals

Your money is locked in for the term however if you do unexpectedly need your money after investing in an ANZ PIE Fund - Term Option, you can request an early withdrawal. You’ll need to let us know if you’re suffering from financial hardship (businesses with total ANZ deposits of $2m or more will not qualify for early withdrawal on the grounds of hardship) or give us 31 days’ notice of the withdrawal. If we agree to let you make an early withdrawal, we’ll reduce your rate by % per annum on the amount you withdraw (your return will not go below 0%).


Your tax details

We need your tax details when you open an ANZ PIE Fund. This includes your Prescribed Investor Rate (PIR), IRD number and tax residency details including a foreign tax identification number (if any). If we don’t have your PIR, we will apply the default PIR of 28% and if we don’t have your IRD number within six weeks of opening your investment, we may have to close your account and return your investment.

How to apply

From overseas: +64 4 470 3142

Tools and tips

Other savings accounts

Important information

A copy of the General Terms and Conditions is available from any ANZ branch.

Breaking a term investment: Your funds are invested for a fixed term and there are access restrictions during the term of your investment. You can request an early withdrawal from your investment, but we don’t have to agree to let you withdraw your money early. Early withdrawals may be permitted if you give us 31 days’ notice or if you’re suffering from hardship (businesses with total ANZ deposits of $2m or more will not qualify for early withdrawal on the grounds of hardship) as reasonably determined by us. If you make an early withdrawal, we’ll reduce the return payable on the money you withdraw. The rate of return reduction is % per annum (your return will not go below 0%) on the amount you withdraw.

Cooling-off period:  You have a 7 calendar day ‘cooling-off’ period starting on the day that we open or reinvest your term investment for you. During this time you can cancel, or change the term or amount of your investment. If you cancel your ANZ PIE Fund term investment during your cooling-off period, we won’t pay you any return you may have earned during that period. If you change the term or amount of your investment during your cooling-off period, a different rate of return may apply.

Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.