What is a PIE?

PIE stands for Portfolio Investment Entity. These are special types of pooled investment funds which have a number of tax advantages. The main advantage is that individual investors can be taxed at their own marginal tax rate,  rather than the flat 33% rate which has previously applied to most pooled investments like superannuation funds. Investors nominate either 10.5%, 17.5% or 28% as their tax rate.