What PIR should I use?

Use this simple tool to work out your Prescribed Investor Rate (PIR) - it'll only take a minute.

1.

I am a New Zealand tax resident.

2.

I am a

3.

Either in the last income year ͥ to 31 March or the year before, my taxable income was $14,000 or less;
And my total taxable income (including PIE ͥand non PIE income) $48,000 or less?

4.

Either in the last income year ͥ to 31 March or the year before, my taxable income was $48,000 or less;
And my total taxable income (including PIE ͥand non PIE income) $70,000 or less?

Your results...

28%

Based on the information you've provided, your PIR is 28%

Your results...

PIR: 0%, 17.5% or 28%

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.

Your results...

PIR: 0%

Based on the information you've provided, your PIR is 0%

Your results...

PIR: 10.5%

Based on the information you've provided, your PIR is 10.5%

Your results...

PIR: 17.5%

Based on the information you've provided, your PIR is 17.5%

Visit www.nzdf.superfacts.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 0800 333 787.

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.