Multi-rate PIEs (MRPs) need to issue investor statements. The statements show the income or loss and tax credits attributed to the investor for the year.
If the MRP is a superannuation fund or retirement savings scheme, such as KiwiSaver, and its balance date is between 1 October and 31 March, the annual investor statements need to be sent by 30 June. Other MRPs with late balance dates need to send annual investor statements by 31 May.
MRPs with other balance dates need to send annual investor statements by the end of the two months after their income year ends.
MRPs that zero-rate exiting investors need to issue the statement by the end of the month following the end of the quarter the investor left.
What's included for all PIEs
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Investor name |
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Investor IRD number |
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PIE balance date |
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PIR as at year-end |
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Incorrect PIR use |
If you used a PIR lower than your correct rate you need to include this income and any tax paid in your income tax return. |
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Taxable income/loss |
This is after deducting investor expenses less credits for fees. |
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Investor expenses less credits |
The gross deduction (expenses – credits for fees). |
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Gross tax payable/creditable |
For investors that had a rate greater than 0% applied. |
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Tax credits used |
For investors that had a rate greater than 0% applied. |
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Net tax paid – credited |
For investors that had a rate greater than 0% applied. The result of ‘gross tax paid/credit’ less ‘tax credits used’. |
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The investor interest adjustment for the net tax has been made by ... |
This will advise the investor how the return adjustment required has been made. The wording for this field should clearly identify the tax adjustment details. For example by one of the following:
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Included for investors that had more than one PIR applied during the year:
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Lower rate details |
Lower rate information when more than one rate applied for the year. Repeat all above fields showing the lower rates details. |
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Zero-rated exitor payment |
Details of a PIE paying left-over units or interest from an exited investor as tax. So, the investor can claim a credit. |
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Included for investors that have had the zero-rate applied:
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Foreign tax credits |
Attributed for the zero-rated period |
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Other tax credits |
Attributed for the zero-rated period |
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Imputation credits |
Attributed for the zero-rated period |
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Resident withholding tax credits |
Attributed for the zero-rated period |
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