NZ tax guide
PIE Funds vs Direct Foreign Shares
A side-by-side comparison of holding foreign shares directly under FIF rules vs through a NZ PIE wrapper.
Coming soon
We're working on the full guide
We're writing a detailed walk-through that compares investing in foreign shares directly under FIF rules with investing through a NZ PIE-wrapped fund. It will cover tax, fees, currency exposure, dividend treatment, and when each option tends to win.
In the meantime, our FIF calculator gives you the tax-only comparison for your own holdings — including the equivalent PIE tax at your PIR.
Check back soon — this guide is part of our next content cycle.