ANZ PIE Fund – Term Option
A tax-efficient investment with a fixed return for a fixed term (minimum investment $10,000).
Benefits
Term option rates
180 days
180 days
Rate is unavailable
—% p.a. effective rate if you pay income tax at 30%
—% p.a. effective rate if you pay income tax at 33%
—% p.a. effective rate if you pay income tax at 39%
270 days
270 days
Rate is unavailable
—% p.a. effective rate if you pay income tax at 30%
—% p.a. effective rate if you pay income tax at 33%
—% p.a. effective rate if you pay income tax at 39%
1 year
1 year
Rate is unavailable
—% p.a. effective rate if you pay income tax at 30%
—% p.a. effective rate if you pay income tax at 33%
—% p.a. effective rate if you pay income tax at 39%
Effective rates: For 30% or higher taxpayers, the ANZ PIE Fund returns can be taxed at 28%. The effective rate is the annualised rate you would need to earn if taxed at your tax rate, to achieve the same after tax return as investing in the ANZ PIE Fund with a PIR of 28%. The calculation assumes returns are not compounded.
Frequency of Return | Compounding rate of return | Rate of return | Effective rate 30%* | Effective rate 33%** | Effective rate 39%*** | |
|---|---|---|---|---|---|---|
30 days | At maturity | - | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
60 days | At maturity | - | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
90 days | At maturity | - | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
120 days | At maturity | - | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
150 days | At maturity | - | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
180 days | Monthly, quarterly or at maturity | Quarterly | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
210 days | Monthly, quarterly, six monthly or at maturity | Quarterly, six monthly | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
240 days | Monthly, quarterly, six monthly or at maturity | Quarterly, six monthly | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
270 days | Monthly, quarterly, six monthly or at maturity | Quarterly, six monthly | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
1 year | Monthly, quarterly, six monthly or at maturity | Quarterly, six monthly | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
18 months | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
2 years | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
3 years | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
4 years | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
5 years | Monthly, quarterly, six monthly, annually or at maturity | Quarterly, six monthly or annually | —% p.a. | —% p.a. | —% p.a. | —% p.a. |
Your return
For terms of 180 days or more, returns can be paid at regular intervals (monthly, quarterly, six monthly annually, or at maturity), at the end of the term or compounded (quarterly, six monthly or annually) – it’s your choice.
Rates are subject to change. Minimum investment $10,000.
Rates apply up to the first $5,000,000 held in all ANZ PIE Fund term investments and are only available to Personal and Business customers. For all other rates, please contact us.
*Applies to investors with taxable income of $53,501 to $78,100.
**Applies to investors with taxable income of $78,101 to $180,000.
***Applies to investors with taxable income of $180,001 and over.
How it works
The ANZ PIE Fund has a term option that works like a term deposit but operates under special tax rules. Before investing, please consider if you’ll need access to your money as with a Term Option you shouldn’t expect to access your money before the maturity date. If you do need access, our Call Option might be more suitable.
Check out how it works
Your return
For terms of 180 days or more, returns can be paid at regular intervals (monthly, quarterly, six monthly or annually), at the end of the term, or reinvested (quarterly, six monthly or annually) – it’s your choice.
7 day ‘cooling off’ period
For Personal and Business customers you can have peace of mind. You have a 7 calendar day ‘cooling-off’ period starting on the day that we open or reinvest your term investment for you. During this time you can cancel your term investment, or change the term or amount of your investment.
Early withdrawals
Your money is locked in for the term however if you do unexpectedly need your money after investing in an ANZ PIE Fund – Term Option, you can request an early withdrawal. You’ll need to let us know if you’re suffering from financial hardship (businesses with total ANZ deposits of $2m or more will not qualify for early withdrawal on the grounds of hardship) or give us 31 days’ notice of the withdrawal. If we agree to let you make an early withdrawal, we’ll reduce your rate by —% per annum on the amount you withdraw (your return will not go below 0%).
Your tax details
We need your tax details when you open an ANZ PIE Fund. This includes your Prescribed Investor Rate (PIR), IRD number and tax residency details including a foreign tax identification number (if any). If we don’t have your PIR, we will apply the default PIR of 28% and if we don’t have your IRD number within six weeks of opening your investment, we may have to close your account and return your investment.
Apply using our online form
How to apply
From overseas: +64 4 470 3142
Tools and tips
Other savings accounts
Important information
A copy of the General Terms and Conditions is available from any ANZ branch.
Breaking a term investment: Your funds are invested for a fixed term and there are access restrictions during the term of your investment. You can request an early withdrawal from your investment, but we don’t have to agree to let you withdraw your money early. Early withdrawals may be permitted if you give us 31 days’ notice or if you’re suffering from hardship (businesses with total ANZ deposits of $2m or more will not qualify for early withdrawal on the grounds of hardship) as reasonably determined by us. If you make an early withdrawal, we’ll reduce the return payable on the money you withdraw.
Cooling-off period: You have a 7 calendar day ‘cooling-off’ period starting on the day that we open or reinvest your term investment for you. During this time you can cancel, or change the term or amount of your investment. If you cancel your ANZ PIE Fund term investment during your cooling-off period, we won’t pay you any return you may have earned during that period. If you change the term or amount of your investment during your cooling-off period, a different rate of return may apply.
Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.