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:

  1. Log in and select your Profile in the top right hand corner.
  2. Select Update Tax Details.
  3. You’ll see your tax details we have for you.
  4. Make any changes you need to.
  5. 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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