Tax-smart* investing made easy
You’ll be better off when your investment returns are protected
from high tax rates. An investment in Cash PIE+ does just that,
by combining the potential returns from deposits the Cash PIE has with
BNZ (that’s the "Cash") with the potential tax advantages
of a Portfolio Investment Entity (the "PIE").
• Could mean you pay less tax on your
investments
• $1,000 minimum investment
• No fixed term
• Cash PIE invests in BNZ deposits
• The BNZ Cash PIE only invests in deposits guaranteed
under the New Zealand deposit guarantee scheme.
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What you’re investing in
A Cash PIE is a unit trust. You hold units in the Cash PIE. Cash PIE invests your money in BNZ deposits where the actual rate may change as the market interest rates on bank deposits rise and fall.
Cash PIE is also a Portfolio Investment Entity (PIE). That means
that under current legislation your Cash PIE returns are taxed at your
Prescribed Investor Rate (PIR) up to a maximum rate of 30%. So, if you're
currently taxed at 33% or 38% you will pay less tax on this investment.
What you’ll need to put in
You can invest a minimum of just
$1,000, with no fixed term. You can invest more (minimum $250) or withdraw
your investment, subject to a minimum withdrawal of $500, whenever you
want. However, you’ll need to maintain a minimum balance of $1,000,
unless you are withdrawing the entire investment. Management fees apply
– please see the Investment
Statement (PDF
516KB) for details.
How to invest in Cash
PIE
Simply grab a box from our in-store display and
take it to one of our bankers, or call 0800 ASK BNZ (275 269),
and let us know if you're interested in this investment. To ensure
you're comfortable with the level of risk this comes with, you need
to read the Investment Statement carefully. We also recommend you
speak to an investment advisor before investing any money into Cash
PIE.
* Portfolio Investment Entity (PIE) funds provide some individual and trustee investors with a significant benefit over holding assets (or investments) directly. This is because PIE funds will pay tax on behalf of investors at their Prescribed Investor Rate (PIR) with the highest or default PIR capped at 30%. No further tax will be payable. This means that individual investors with a higher marginal tax rate than 30% and a PIR of 30% will save tax. Certain trusts with a 33% tax rate may elect a PIR of 30% and therefore may save tax. |
