Prescribed Investor Rate (PIR)

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A prescribed investor rate (PIR) is the tax rate that your portfolio investment entity (PIE) uses to work out the tax on your investment income. You choose your rate based on your worldwide income for each of the last two tax years.

For example, for the 2021 income year, you need to look back at the 2020 and 2019 income years. If your income in the last two years falls into two different PIR brackets, you can choose the lower PIR rate.

BNZ has a great flow chart to help you work out your correct PIR rate here.

If you have any questions or need help working out your correct rate, please contact us. We are happy to help!

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