An assembly includes a die and a punch which cut a hole in a workpiece. The die has a base wall having outer and inner surfaces and a passageway extending therethrough, and a wall extending from the base wall. The inner surface of the base wall has at least one portion which is angled relative to a central axis of the die. The punch includes a body having a bore therethrough, a leading edge on the body which is capable of piercing and cutting a workpiece, and cutting edges on the body for cutting a hole in the workpiece. The leading edge has inclined surfaces between the bore and the piercing points which engage with the portion of the inner surface of the die.