Wholesale 1 PIE Trust: More about our approach

Wholesale 1 PIE Trust Returns

As at April 30, 2025

53.27

%

Total Cumulative Return Since Inception is the compounded monthly, distributions after deductions for all charges before tax (Investor PIR = 0%) since the establishment of this fund. Returns are re-invested in this scenario (time-weighted return). Past performance is not a guarantee of future performance. The fund was established 30 June 2022 and made its first investments in September 2022.

13

Jun

With Budget 2023 and the update to the tax rate for Trusts, investing in a PIE has become even more beneficial for some investors.

Author

Andrew
Dunning


Budget 2023 brought with it an important update to the tax rate for Trusts. From 1 April 2024, the Trust tax rate will shift from 33% to 39% to align with the top personal income tax rate. In light of these changes, there’s one investment structure that stands out: Portfolio Investment Entities (PIEs).

Last month, we talked about how the PIE structure provides significant tax benefits for many investors, thanks to the tax rate on returns being capped at 28%. For wholesale investors, typically trusts or high-income earners, the 11% differential actually translates into paying 28% less tax on PIE investment returns vs non-PIE investments – quite a compelling advantage.

If you are like us and like to play around with financial calculators, put these tax impact assumptions into your future value calculations. Our estimate is that the compounded savings over 10 years are significant.

So, if the PIE structure was a good idea before, it’s an even better idea now. If you’d like to learn more about why our trusts are choosing to invest in PIEs, please contact us and we’ll be happy to set up a call. 

PIE STRUCTURE COMPOUNDING BENEFITS

Investing in a Portfolio Investment Entity (PIE) can offer a tax advantage, particularly for high-income earners and trusts. And these tax benefits can compound over time, allowing investors to keep more of their returns. READ MORE HERE

HOW WE BALANCE RISK AND LIQUIDITY

Like to know more about our investment approach? We have learned a few things about making loans and investments over the past 20 years. We always take security for any loan and have maintained a conservative stance on loan-to-value (LVR) ratios in recent times. Find out more about our strategy, safeguards and current single asset class portfolio mix. READ MORE HERE


Have questions or want to explore your options?

We’d love to hear from you. Call us on 09 215 9364 or email [email protected] to set up a time to chat.

Author

Andrew Dunning

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Find out more

Get the detail – fund description, management, fees, risks and more. Request the Merx Wholesale 1 PIE Trust Investor Brochure here.
Request the Merx Wholesale 1 PIE Trust Investor Application form here. Note: the fund is not suitable for retail investors.

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Investor Brochure

Important information for investors

Investment in the Trust is open only to wholesale investors as set out in schedule 1, clauses 3(2)(a)-(c) and 3(3)(a) (inclusive), or persons who are otherwise not required to receive disclosure under Part 3, of the Financial Markets Conduct Act 2013 (“FMCA”).

Investor Application

Important information for investors

Investment in the Trust is open only to wholesale investors as set out in schedule 1, clauses 3(2)(a)-(c) and 3(3)(a) (inclusive), or persons who are otherwise not required to receive disclosure under Part 3, of the Financial Markets Conduct Act 2013 (“FMCA”).