What is PIR

15 January, 2024

1 min read

What is PIR and how do you find out what your PIR rate is?

Your taxable income is determined by your PIR - ‘Prescribed Investor Rate’. You always need to pay tax on the returns you make on your investments, including your KiwiSaver. So, it’s good to check you are on the correct rate so you don't end up paying too much tax, especially if your salary changes. You can check your rate on the IRD website.