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You can use the questions below to work out the prescribed investor rate (PIR) that applies to you. For example, you invested in a multi-rate PIE in June 2020. The PIR applying to your investments for the current tax year, ending 31 March 2021, is based on your income for each of the last 2 tax years, which ended:

  • 31 March 2019
  • 31 March 2020.

Once you've worked out your PIR, make sure you give it to your PIE.

Tax residency status

Before answering these questions, you'll need to know your tax residency status.

Keep in mind that if you're an individual and have a 4-year temporary tax exemption, you can use a 0% PIR if you invest in a zero-rate PIE.

Tax residency status for individuals

Tax residency status for companies

Temporary tax exemption

Are you a New Zealand tax resident?

How are your investments held?

In one of the last two tax years to 31 March, was your taxable income $14,000 or less and your taxable income plus your PIE income $48,000 or less?

In one of the last two tax years to 31 March, was your taxable income $48,000 or less and your taxable income plus your PIE income $70,000 or less?

Based on your answers above:

Your prescribed investor rate (PIR) is: 10.5%

Based on your answers above:

Your prescribed investor rate (PIR) is: 17.5%

Based on your answers above:

Your prescribed investor rate (PIR) is: 28%

Unless you have told your PIE you are a notified foreign investor in either a foreign investment variable-rate PIE or foreign investor zero-rate PIE your PIE will use the appropriate PIR for you.

Based on your answers above:

Your prescribed investor rate (PIR) is: 0%

Based on your answers above:

Your prescribed investor rate (PIR) is 0%, 17.5%, 28%

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.

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