{"id":15601,"date":"2019-06-27T15:09:10","date_gmt":"2019-06-27T03:09:10","guid":{"rendered":"https:\/\/milfordasset.com\/?p=15601"},"modified":"2025-09-24T22:49:34","modified_gmt":"2025-09-24T10:49:34","slug":"what-should-my-pir-be","status":"publish","type":"post","link":"https:\/\/milfordasset.com\/insights\/what-should-my-pir-be","title":{"rendered":"What should my PIR be?"},"content":{"rendered":"<p style=\"text-align: right;\"><em><sup>Updated 1 April 2025<\/sup><\/em><\/p>\n<p>If you\u2019re investing in KiwiSaver or PIE Investment Funds it\u2019s important to check annually that you\u2019re on the correct tax rate, in order to avoid a future tax bill or overpaying tax.<\/p>\n<p>Your tax rate is known as your Prescribed Investor Rate or \u2018PIR\u2019 and the below flow chart can help you determine your correct rate.<\/p>\n<p>The PIR for individuals who are New Zealand residents is based on their income from the last two years (to 31 March) and will be either 10.5%, 17.5% or 28% (the highest). Your provider will use this rate to pay tax on your behalf.<\/p>\n<h4>What is my PIR rate?<\/h4>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-44962 size-full\" src=\"https:\/\/milfordasset.com\/wp-content\/uploads\/2019\/06\/PIR-April-2025.png\" alt=\"PIR Apr 2025\" width=\"857\" height=\"583\" srcset=\"https:\/\/milfordasset.com\/wp-content\/uploads\/2019\/06\/PIR-April-2025.png 857w, https:\/\/milfordasset.com\/wp-content\/uploads\/2019\/06\/PIR-April-2025-300x204.png 300w, https:\/\/milfordasset.com\/wp-content\/uploads\/2019\/06\/PIR-April-2025-768x522.png 768w\" sizes=\"(max-width: 857px) 100vw, 857px\" \/><\/p>\n<h4>How do I change my PIR?<\/h4>\n<p>If you\u2019re a Milford client, you can check and update your PIR by logging into your <a href=\"https:\/\/portal.milfordasset.com\/login\" target=\"_blank\" rel=\"noopener\">Client Portal<\/a> or mobile app. Simply click on the \u201cProfile settings\u201d icon.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-44972 size-medium\" src=\"https:\/\/milfordasset.com\/wp-content\/uploads\/2019\/06\/Mobile-App-Profile-icon-highlight-v2-300x226.png\" alt=\"PIR change on mobile\" width=\"300\" height=\"226\" srcset=\"https:\/\/milfordasset.com\/wp-content\/uploads\/2019\/06\/Mobile-App-Profile-icon-highlight-v2-300x226.png 300w, https:\/\/milfordasset.com\/wp-content\/uploads\/2019\/06\/Mobile-App-Profile-icon-highlight-v2.png 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>The above information is a general guide, for full information about PIRs, please see the <a href=\"https:\/\/www.ird.govt.nz\/roles\/portfolio-investment-entities\/using-prescribed-investor-rates\" target=\"_blank\" rel=\"noopener\">Inland Revenue website<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Updated 1 April 2025 If you\u2019re investing in KiwiSaver or PIE Investment Funds it\u2019s important to check annually that you\u2019re<\/p>\n","protected":false},"author":10,"featured_media":44970,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"ep_exclude_from_search":false,"footnotes":""},"categories":[710,848],"tags":[],"media_type":[701],"fund_category":[704],"class_list":["post-15601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-getting-started","category-investing","media_type-read","fund_category-milford-kiwisaver"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What should my PIR be? 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