An IRD number is an eight or nine digit number unique to you. You can find your IRD number:
- On your payslip
- On letters or statements from the Inland Revenue
- On your existing KiwiSaver statement
- Or you can contact the IRD on 0800 775 247 and say "What's my IRD Number?"
What's my PIR rate?
Your Prescribed Investor Rate (PIR) is rate of tax that you pay on the money earned from your KiwiSaver investment and other managed funds that are a PIE (Portfolio Investment Entity).
How much you pay depends on your income for the last 2 years and also the amount of income on your investments in PIE(s). Most people do not have enough money invested in PIEs to change their PIR bracket. If you do earn significant PIE income, please refer to Inland Revenue’s website
PIR rates here.
For most people, if you are a salary or wage earner your PIR level is as follows:
If, in either of the previous two income tax years, your taxable income was $14,000 or less, your PIR is 10.5%.
If, in either of the previous two income tax years, your taxable income was between $14,001 and 48,000, your PIR is 17.5%.
If, in both of the two previous income years, your taxable income was $48,001 or more, your PIR is 28%.
You’re required to update your PIR rate, as it changes, with your bank and other financial institutions. To update your PIR with Simplicity please log in and change it on your "my info" screen.