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Check your tax rate

What is the prescribed investor rate?

Your prescribed investor rate (PIR) determines how much tax you pay on your investment earnings from the Booster KiwiSaver Scheme.

Why is it important?

Which rate applies to you depends on your overall income from all sources.

You need to tell us your prescribed investor rate (PIR) or we'll use the default rate of 28%.

If you don't choose the correct rate, you could be paying more tax or less tax than you need to.

If you overpay your tax, you cannot get a refund.

If you've underpaid, you’ll need to pay any shortfall to Inland Revenue.

Check your PIR

You can check and update your prescribed investor rate (PIR) by following these steps:

  1. log in to mybooster
  2. go to the 'My Details' section
  3. view your PIR rate.

Work out your PIR

We have a flowchart to help you figure out your prescribed investor rate (PIR) status.

Are you a New Zealand resident for tax purposes? No
Right Arrow
Your PIR is
28%
Yes
Down Arrow
   
In either of the last two income years, was:

a. your taxable income $14,000 or less; and
b. your taxable income plus your net PIE income $48,000 or less?
Yes
Right Arrow
Your PIR is
10.5%
No
Down Arrow
   
In either of the last two income years, was:

a. your taxable income $48,000 or less; and
b. your taxable income plus your net PIE income $70,000 or less; and
c. you did not qualify for the 10.5% PIR?
Yes
Right Arrow
Your PIR is 
17.5%
No
Down Arrow
   
In each of the last two income years, was either:

a. your taxable income more than $48,000; or
b. your taxable income plus your Net PIE income more than $70,000?
Yes
Right Arrow
Your PIR is
28%
Are you a New Zealand resident for tax purposes?
Yes
Down Arrow
No
Your PIR is
28%
 
In either of the last two income years, was:

a. your taxable income $14,000 or less; and
b. your taxable income plus your net PIE income $48,000 or less?
No
Down Arrow
Yes
Your PIR is
10.5%
 
In either of the last two income years, was:

a. your taxable income $48,000 or less; and
b. your taxable income plus your net PIE income $70,000 or less; and
c. you did not qualify for the 10.5% PIR?
No
Down Arrow
Yes
Your PIR is 
17.5%
 
In each of the last two income years, was either:

a. your taxable income more than $48,000; or
b. your taxable income plus your Net PIE income more than $70,000?
Yes Your PIR is
28%