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.
Your KiwiSaver can be the most crucial financial tool at your disposal to ensure that your future and lifestyle is comfortable, prosperous and happy - however, many people don't know how to maximise their returns and get the most out of it. The head of Investment Services at Spratt Financial Jonathan Parsons presents his top tips to get the most success from your KiwiSaver; including how you could qualify to receive more than $1000 in free bonus money for your Kiwisaver from the Government.