ANZ’s KiwiSaver schemes, the ANZ Investment Funds, OneAnswer Single-Asset-Class Funds, OneAnswer Multi-Asset-Class Funds, SIL Mutual Scheme, SIL Employer Scheme, MFL Mutual Scheme and the ANZ PIE Fund are Portfolio Investment Entities (PIEs). PIEs operate under special tax rules which may deliver better after-tax returns for investors. A PIR is the tax rate that we use to work out how much tax to pay on the income you earn from these investments.
Your PIR depends on whether you’re an individual investor or a non-individual investor (e.g. a company, partnership or trust, including trustees of trusts), and your tax residency status. If you’re investing as an individual (who is a New Zealand tax resident), your PIR may be 10.5%, 17.5% or 28%.