What is my PIR rate?

Your PIR rate is the rate at which your KiwiSaver savings will be taxed. You need to review your PIR rate regularly to make sure you that you are being deducted the right amount of tax

You pay tax on the money you earn from your KiwiSaver investment. The IRD calls the tax rate you pay a ‘PIR’, which is short for ‘prescribed investor rate’.

• If in either of the last two income tax years, your taxable income was $14,000 or less and your total income (including PIE income such as your KiwiSaver earnings) was $48,000 or less, then, your PIR is 10.5%.
• If in either of the last two income tax years, your taxable income was $48,000 or less and your total income (including PIE income) was $70,000 or less, your PIR is 17.5%.
• In all other cases, your PIR is 28%.

You’re required to update your PIR rate as it changes. You can inform us, or the IRD directly.

For more information, please see the IRD website on PIR rates here.