What is a cash pie?

A Cash PIE (Portfolio Investment Entity) is a New Zealand-based savings account or investment fund that offers tax advantages by capping the tax rate on interest earnings at a maximum of 28%. It is designed for higher earners (those on 30%, 33%, or 39% tax rates) to pay less tax on savings compared to traditional bank accounts, often while remaining "at-call" (accessible).

What is cash pie?

Cash PIEs are at-call funds that offer investors the tax advantages of the Portfolio Investment Entity regime, and they pay tax on investment income based on the prescribed investor rate (PIR) of their investors, rather than at the entity's tax rate.

Why is there cash in my pie?

This happens because the cash comes from an incomplete order, not a new one, so it stays in Pie Cash until the investment completes. While funds are in Pie Cash, they cannot be withdrawn manually until the order is completed or cancelled. During this time, both the 'Invest' and 'Withdraw' buttons will be disabled.

What is a pie in banking?

PIE stands for Portfolio Investment Entity. A PIE can help you save more of your money because you could pay less tax if you are on the right PIE rate (called a “prescribed investor rate” or “PIR”).

How to withdraw cash from pie?

Withdrawing funds from Pie

1. Open your Pie's Overview screen.
2. Tap the Withdraw button.
3. Use the slider to choose how much you want to withdraw: Below the slider, you'll see a preview showing how much of each investment will be sold.

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What is Pie cash?

Each Pie has its own internal cash storage, called Pie Cash. Normally, the balance is close to 0, but it can increase for several reasons. When can my pie cash increase? Your Pie Cash may grow in these cases: New deposits: Funds were added but not yet invested.

Is pie income taxable?

PIE income is the taxable income (or loss) from your investment as determined under PIE tax rules. PIE income is calculated based on the type of assets the PIE holds. For example, dividends from NZ equities (shares) are taxable but capital gains from NZ equities are not.

What is the full meaning of pie?

: a dessert consisting of a filling (as of fruit or custard) in a pastry shell or topped with pastry or both.

Is a pie a fund?

A portfolio investment entity or PIE is a type of managed fund that invests in different kinds of passive investment. For example, KiwiSaver providers are sometimes PIEs. Companies, trusts, superannuation schemes or managed funds can choose to become PIEs.

Should I take my pension with pie?

It is important to bear in mind how long you and your spouse or eligible dependant would expect to live. If you or your spouse or eligible dependant is in good health and expect to live longer than the break-even point, then the PIE option may be less attractive to you as you would receive less pension in total.

What is the 1% rule in crypto?

The 1% Rule in crypto (and trading generally) is a risk management strategy where you never risk more than 1% of your total trading capital on a single trade, meaning if your stop-loss hits, you lose no more than 1% of your account balance. It protects capital from catastrophic losses by controlling position size, reduces emotional trading by setting a clear maximum loss, and allows for longevity in volatile markets, ensuring you can recover from inevitable losing streaks. 

Are pie funds safe?

​All investments in Pie Funds are held securely by an independent custodian.

Is pie taxable?

Investment Entities (PIEs) are taxed

Usually the tax paid by PIEs is the final tax, and you do not need to include anything in a tax return for these investments. However there are a few things that you need to be aware of, and to communicate to your fund manager.

Is it better to keep cash at home or bank?

Keeping cash at home exposes you to theft, damage and inflation without earning any return. A savings account lets your money earn interest, helping counter inflation and increase your funds over time. All transactions in a savings account are tracked via statements, making it easier to manage and review your finances.

What are four types of pies?

6 Types of Pie

• Open-face pies only have a bottom crust and are typically sweet. ...
• Double-crust pies have a bottom crust and a top crust.
• Lattice pies have a bottom crust and decorative top crust made with strips of dough.
• Deep-dish pies do not have a bottom crust—just a single crust on the top.

What to use to pie someone?

Pieing or a pie attack is the act of throwing a pie at a person. In Britain, a pie in the context of throwing is traditionally referred to as a custard pie. An aluminium pie pan or paper plate filled with whipped cream or more typically, shaving cream can substitute for a real pie.

What does pie man mean?

1. : a baker or cook who specializes in making pies. 2. : a pie vendor.

Who pays pie taxes?

Portfolio investment entity (PIE) funds provide some individual and trustee investors with a benefit over holding assets (or investments) directly. This is because PIE funds will pay tax on behalf of such investors at their prescribed investor rate (PIR) with the highest or default PIR capped at 28%.

What is the 6 year rule for capital gains tax?

The 6-year CGT rule (Capital Gains Tax) allows you to treat a former main residence as your main home for up to six years after you move out and start renting it, making any capital gain tax-free if sold within that period, provided you don't nominate another property as your main residence during that time and can reset the rule by moving back in. If you rent it for longer than six years, only the gain from the first six years is exempt; the gain from the time it started producing income beyond the six-year mark becomes taxable.

How many people lose money on Trading 212?

75% (Trading 212 Markets Ltd; FXFlat Bank GmbH; Trading 212 Ltd.) & 72% (Trading 212 UK Ltd.) of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.