PIR

Investment/Kiwisaver: How to check and confirm your PIR.

Investment/Kiwisaver: How to check and confirm your PIR.

A prescribed investor rate (PIR) is the rate used to calculate how much tax you’ll pay on your portfolio investment entity (PIE) taxable income. Your Investment/KiwiSaver often has a PIE component and if your PIR rate is incorrect we need you to inform us. Depending on your circumstances, your PIR could be either 10.5%, 17.5% or 28% so knowing which rate is right for you is significant. Find out how to calculate your PIR here.