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.
We all make resolutions in the excitement of a New Year, full of vigour and determination. Unfortunately, they can often fade as the demands and responsibilities of another year wears on. This year though, we can help you make some financial resolutions which are achievable, sensible and give you the best chance of making a significant step towards a prosperous financial future.