Help! I’m confused about my KiwiSaver PIR

You might have heard about a PIR, or prescribed investor rate, lately. But what does it mean and what do you need to check?

What is a PIR?

Your PIR determines the tax you pay on the returns from your KiwiSaver investment. The rate of tax you pay is based on your income. PIR is 10.5%, 17.5% or 28%.

Why is your PIR important?

If you pay too much tax on your KiwiSaver account, you can’t get this back. And if you don’t pay enough tax, you have to top it up.

How often should I check my PIR?

It’s a good idea to check your PIR every March, toward the end of the financial year. If your income has gone up or down, you may be now on the wrong PIR.

How do I know what my PIR is listed as?

If you log into your KiwiSaver account, you should be able to see the PIR on file for you. Or, you can contact IRD.

My PIR is wrong, how do I change it?

Within your KiwiSaver account portal, you may be able to change it yourself. Otherwise, just contact your KiwiSaver provider, or the IRD. 

Information correct as at July 2022. Pie Funds Management Limited is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for our Product Disclosure Statement. Any advice is given by Pie Funds Management Limited, and is general only. It relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees if you act on any advice. As manager of the Scheme we receive monthly fees that are determined by your balance and whether you are 13 years or over. We will benefit financially if you invest in our products. We manage any conflicts of interest via an internal compliance framework designed to ensure we meet our duties to you. For information about the advice we can provide, our duties and complaint process and how disputes can be resolved, visit All content is correct at time of publication date, unless otherwise indicated. Past performance is not a guarantee of future returns. Returns can be negative as well as positive and returns over different periods may vary. Please let us know if you would like a hard copy of this disclosure information.