What is a PIE Fund?
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Written by Lovelyn
Updated over a week ago

A portfolio investment entity (PIE) fund is a tax classification that we chose for the Kernel funds which generally:

  • Reduces the amount of tax paid

  • Delays when the payment is required

We also can take care of all the tax obligations so that individuals don’t need to file a tax return for this investment.

Please note:

  • Only trusts and companies or individuals who think they have been taxed at the wrong Prescribed Investor Rate (PIR), would need to file a return.

  • Distributions paid throughout the year by the Kernel funds are not taxed.

  • Most investors will pay their PIE tax after the end of the tax year (31 March), in April. The only exception is when an investor sells a significant part of their holdings; at that time PIE tax is also payable.

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