Cash PIE Investments
The Lifestages Deposit Portfolio, available through SBS Bank is suitable for investors who are seeking call or term Cash PIE funds with competitive rates of return. The PIE structure is a new regime of taxation for qualifying managed funds, with a top tax rate of 30%. PIE tax is a final tax, so you do not usually need to include PIE tax in your tax return if your tax rate is 12.5%, 21% or 30% or over.
The Lifestages Deposit Portfolio currently invests primarily in securities issued by SBS Bank. A PIE is a simple investment from an administrative point of view.