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Choosing the right Prescribed Investor Rate (PIR)

KiwiSaver and Investment Funds are Portfolio Investment Entities (PIEs). The income you earn from your PIE investments are taxable, and the amount of tax you pay is based on your Prescribed Investor Rate (PIR).

Depending on your circumstances, your PIR may be 10.5%, 17.5% or 28% (if you’re investing as an individual).

Use our guide to work out your PIR. Alternatively, you can work out your PIR using the PIR tool on the Inland Revenue website.

You can also refer to our guide for information on PIR if you’re not investing as an individual (e.g. trust, company or partnership) or if you’re investing with someone else.

Why it’s important

It’s important to make sure your PIR is correct so your investments are taxed correctly.

  • If your PIR is too high, you may pay too much tax and you won’t be able to claim back any overpaid tax. 
  • If your PIR is too low, you’ll likely be faced with an unexpected tax bill from Inland Revenue. 

It’s your responsibility to tell us your PIR when you join or if your PIR changes. If you don’t, a default rate of 28% may be applied.

 

Update your PIR

 

This information is intended as a guide only. If you’re still unsure, we recommend you seek professional tax advice or contact Inland Revenue.

ANZ New Zealand Investments Limited is the issuer and manager of the ANZ KiwiSaver Scheme, ANZ Default KiwiSaver Scheme and ANZ Investment Funds. Important information is available under terms & conditions. Download the guide and product disclosure statement.