For KiwiSaver and PIE funds. Using the wrong PIR means a year-end tax bill — or permanently overpaying. Takes 60 seconds.
Your PIR is based on the lower of the two qualifying years. Enter taxable income (salary, wages, interest, rent) and any PIE income separately.
These are set by the Income Tax Act — they're different from your PAYE income tax brackets.
| Taxable income | PIR |
|---|---|
| $15,600 or less | 10.5% |
| $15,601 – $53,500 | 17.5% |
| $53,501 or more | 28% |
Your PIR is based on a rolling two-year window. A pay rise, a new rental property, or a change in PIE income can all shift your correct rate. Your fund will never update it automatically — you have to notify them.
It's the income attributed to you from your KiwiSaver or PIE fund during the year. Find it on the annual tax certificate your fund issues after 31 March. You can also see it in myIR.
Even if your marginal tax rate is 33% or 39%, your PIR is capped at 28%. This is one of the main tax advantages of holding investments through a PIE fund.
The Southern Portfolio covers how to use PIE funds effectively as part of a NZ portfolio.
Subscribe for free