Keeping records of your portfolio investment entity income

Individual investors only need to keep records of portfolio investment entity income, such as PIE investor statements, in certain situations.

When records are not needed

You do not need to keep records when all of the following apply.

• Your PIE is from a multi-rate PIE (like a KiwiSaver provider).
• All your other income is taxed at source (like PAYE or schedular payments from contracting).
• You provided your IRD number to everyone who paid you.
• You do not have a student loan.

When records are needed

You need to keep a record of your PIE income for 12 months after the end of the tax year you got the income if you:

• have a student loan
• adjusted your income to include PIE income.

You need to keep records of your PIE income for 7 years if either of the following apply.

• You received other untaxed income during the year, like a cash job or self-employed income.
• You did not give your IRD number to someone who paid you.