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You can use the questions below to work out the prescribed investor rate that applies to you.  For example, you invested in June 2020 in a PIE. The PIR applying to your investments for the current tax year (ending 31 March 2021) is based on your income for the last 2 tax years. The last 2 tax years are 31 March 2019 and 31 March 2020. 

Once you have worked out your PIR you should give it to your PIE fund.

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.