A PIE (Portfolio Investment Entity) fund pays tax on your behalf. The top PIE tax rate is 30%, so this is a great way to save if your tax rate is 33% or 38%.

What tax rates does a PIE fund offer?

There are four rates: 0%, 12.5%, 21% and 30%. These are known as Prescribed Investor Rates (PIRs). Click here to work out your PIR.

PIE tax is deducted from the interest earned at your PIR rate before the interest is paid into your account. So as long as you provide your PIE with the correct PIR, there is no further tax to pay and no need for individuals to complete a tax return.

Product Features:

• Tax capped at 30%
• On-call savings and term investment options
• Competitive interest rates
• No fees^†
• Minimum deposit $500
• Funds deposited with MSL’s A–/Stable rated debentures
• Companies and trusts are also able to invest

Choose the savings or investment plan that best suits your needs

Our On-Call PIE option offers tax advantages on your savings with funds on call:

• Competitive interest rates
• Minimum deposit $500
• Funds on-call
• No fees^†
• Absolute flexibility- save what you want when you want

Our Term PIE option offers tax advantages for fixed interest term deposits:

• Competitive interest rates
• 12 month term
• Minimum deposit $500
• No fees^† 

For our current interest rates click here. To apply now, download the investment statement and application form (see link on right), call 0800 800 MAS (627) or email society@medicals.co.nz.

Investments in the Medical Securities Limited PIE Fund are not guaranteed. Fees may be introduced in the future. For a copy of the latest prospectus and investment statement visit our Forms and Applications page.

^† Break fee may apply for early repayment of the Term PIE