Your Prescribed Investor Rate (PIR)

 

The form below can be used to update your PIR if you invest in a fund administered by ANZ Investments (such as in the ANZ's KiwiSaver schemes, the ANZ Investment Funds, SIL Mutual Scheme, SIL Employer Scheme or MFL Mutual Fund).

If you are an ANZ PIE Fund Investor, please call 0800 269 296 to update your PIR.


How to work out your PIR
How to update your PIR
What is a Prescribed Investor Rate (PIR)?
Why is it important?

 

Working out your PIR
What your PIR is depends on whether you’re an individual investor, or a non-individual investor (e.g. a company, partnership or trust, including trustees of trusts). Below you’ll find information to help based on your specific circumstances. 


If you're an individual
Use the flowchart below to help you work out your PIR.

  

If you're not an individual

Are you a New Zealand tax resident company, unit trust, charity, superannuation scheme, PIE or PIE investor proxy?

 Your PIR is 0%. You will need to pay any tax on your attributed PIE income yourself.

Are you a New Zealand resident trustee (other than of a charitable trust) or a trustee of a superannuation fund? Seek advice from a tax professional to help you choose the PIR that best suits your beneficiaries.

  

If you're investing with another person
If you are investing jointly with another person and your PIRs are the same, we will attribute income to the investor you tell us to. If your PIRs are not the same, we must attribute the income to the investor with the highest PIR. If you do not nominate an investor, we will attribute income to the first-named investor.

 

Updating your PIR

  • If you’re an individual, complete and submit the online form below.
  • If you’re a joint investor download, complete and return this form.
  • If you’re a company, trust or partnership download, complete and return this form.

Investor Number *
If unsure of your Investor Number, please contact us on 0800 736 034.
IRD Number * - -
Your IRD Number is either 8 or 9 digits long.
PIR *
 
Email Address *
 
Please note * This PIR update form is intended for individual investors only. Your email address is required so we can send you a secure link to complete this update for you.

ANZ PIE Fund Investors cannot use this form and should call 0800 269 296.
 

 

What is a Prescribed Investor Rate (PIR)?
When you invest in a fund administered by ANZ Investments, we aim to provide you with the best possible return. All the funds we manage or administer are Portfolio Investment Entities (PIEs).

PIEs operate under special tax rules which can deliver better after-tax returns for investors. A PIR is the tax rate that we use to work out how much tax to pay on the income you earn from these investments. You’ll need to work out your PIR.

How your investment affects your tax may depend on your individual circumstances. The information on this page is intended as a guide only. If you’re uncertain, you should consult a tax adviser or speak to Inland Revenue.

 

Why is it important?
You need to tell us your PIR and let us know if it changes. It’s important to give us the right PIR so your investments are taxed correctly:

  • If your PIR is too high, too much tax may be paid on your investments. The tax paid is treated as final and you won’t be able to claim a refund from Inland Revenue*.
  •  If your PIR is too low, you will need to file a tax return and pay any tax shortfall, interest and penalties to Inland Revenue. Any tax already paid will be available as a tax credit.

If you give us the PIR that is correct for your circumstances, we will pay the correct amount of tax on your share of taxable income. Most investors who are individuals (and not trustees of trusts) will not need to pay any further tax or include this income in their tax return.

If Inland Revenue believes your PIR with us is incorrect, they may provide us with an updated PIR for you. We’ll be required to update your profile with the new PIR.

You can subsequently change your PIR if you believe Inland Revenue hasn’t given us the correct one. You’ll also need to contact Inland Revenue and explain why you think the PIR is incorrect – you may need to provide them with updated income details for the past two years.

* From the 2021 tax year end onwards, Inland Revenue will automatically refund you any PIE tax you’ve overpaid. They’ll notify you if you’re due a refund.

 

Your IRD number
Before your PIR can be applied to your investments, you also need to tell us your IRD number.  This must be provided to us within six weeks of opening a new investment in a fund. If you don’t, we’re required by law to close your account and refund the balance to you.

For investments opened before 1 April 2018, if we do not hold your IRD number your account will not be closed but the highest PIR of 28% will be applied.


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