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Delays to response times: It is taking longer than usual for us to answer calls and myIR messages. This is because of the demand for COVID-19 business support, and the impact COVID-19 is having on our teams. We appreciate your patience and will respond as soon as we can. If possible, please contact us through your myIR account. Log in to myIR

COVID-19 Support Payment (CSP): Applications for the CSP are now closed. Due to the large number of applications for the CSP, there may be a delay in approving some applications. Find out more about the CSP

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

Non-locked-in PIE is treated as income for Working for Families or student loan purposes.

You need to let us know about your PIE income if you've received:

  • income attributed from a PIE that allows you ready access to your investment which is non-locked-in PIE income (such as a cash PIE, on-call PIE, or a PIE term deposit)
  • dividends from listed PIEs, if they’re not already showing on your income tax return or assessment.

To let us know about this PIE income you need to complete either the:

  • ‘Adjust your income’ service in myIR
  • ‘Adjust your income - IR215’ form and send it to us.

Locked-in PIE income is not included as income for Working for Families or student loan purposes.

2020 and past tax years

If you did not have to include your non-locked-in PIE in your income tax return you need to tell us by completing the ‘Adjust your income’ service or IR1215 form.


George receives an inheritance of $400,000 and invests it in a cash PIE that is not a superannuation fund or retirement savings scheme.

He receives an annual income of $20,000 on that investment.

George includes the PIE income in his 2021 IR3 individual tax return.

He also has to include the PIE income of $20,000 as part of his income for Working for Families and student loans.

Last updated: 13 Jul 2021
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