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Te whakamahi i ngā pāpātanga kaihaumi kua tūtohua Using prescribed investor rates

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Different prescribed investor rates (PIRs) apply to investors in multi-rate PIEs (MRPs). You need to use the PIR that applies to your situation to make sure you pay the correct amount of tax.

Once you have worked out your PIR you will need to give it to your PIE, along with your IRD number.

If we identify you are not using the correct rate we can tell your PIE to change it. This does not remove your responsibility to notify the PIE of your correct PIR.

Individual tax residents

New Zealand individuals have different PIRs depending on their worldwide income for the last two years.

The table below details requirements for each PIR. You need to work out your income for each of the last two years. You can then choose the lower PIR for the current year.

Taxable income Taxable income including net PIE income PIR
$14,000 or less $48,000 or less 10.5%
$48,000 or less $70,000 or less 17.5%
$48,001 or more $70,000 or more 28%

Non-residents

Non-resident investors that do not invest in foreign PIEs have a PIR of 28%.

Non-resident investors in a variable rate PIE have a different PIR depending on the type of investment and the country the investments are in.

Non-resident investors in a zero-rate PIE have a PIR of 0%.

Individual tax residents

Investments held by companies, incorporated societies, charities or PIEs have a PIR of 0%.

Trusts can often choose a PIR to suit their beneficiaries.