Your Prescribed Investor Rate (PIR) 

 

Here you’ll find important information about your PIR, including:


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
The way you determine your PIR depends on whether you’re an individual investor, not an individual (e.g. a company, partnership or trust, including trustees of trusts), or investing with another person or persons. 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
Use the flowchart below to help you work out your PIR.  

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 at their PIR. If your PIRs are not the same, we must attribute the income to the investor with the highest PIR. If you do not make a selection, we attribute income to the first-named investor at the default rate of 28%.

 

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.

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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.
 

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What is a Prescribed Investor Rate (PIR)?
When you invest in a fund administered by ANZ Investments (such as in the ANZ KiwiSaver Scheme or the ANZ Investment Funds), or the ANZ PIE fund, 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.
We use your Prescribed Investor Rate (PIR) 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 additional tax 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.

 

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.

Print this page - Last updated 06/06/2018