Use this simple tool to work out your Prescribed Investor Rate (PIR) - it'll only take a minute.
Based on the information you've provided you may choose to have PIE Income taxed at a PIR of 0%, 17.5% or 28%.
Some testamentary trusts may be eligible for a PIR of 10.5% in certain circumstances. If you are unsure which PIR to use, we recommend you speak with a tax advisor.
Visit www.mercerfinancialservices.co.nz for more information.An income year is generally the period from 1 April to 31 March of the following year. However, an income year can start and end on alternative dates if Inland Revenue consents. The tax year is always the period from 1 April to 31 March of the following year.
It is important you select the correct PIR and you need to notify us if your PIR changes. More information about obligations in relation to PIRs is published by Inland Revenue.
If you have any questions about this email or your investments with us please call 0508 637 237.
Important information: Please note that any information in this material regarding legal, accounting or tax outcomes does not constitute legal advice or an accounting or tax opinion and prior to relying and acting on this information it is important that you seek independent advice from a qualified lawyer or an accountant regarding this information.
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