During the 31 March 2025 year, we received a notification to update your PIR.
Due to a processing error, we did not update your supplied PIR in time to calculate your Portfolio Investment Entity (PIE) tax payable or refundable at this PIR.
What this means for you
Your PIR is the tax rate used to calculate how much PIE tax you pay – or may be refunded – on your share of any taxable income or loss from your investment.
Any PIE tax owing is paid to Inland Revenue on your behalf, and any refunds are received on your behalf and paid into your investment.
Your PIR can be 0%, 10.5%, 17.5%, or 28%, depending on your investor type. If you're unsure which rate applies to you, please visit ird.govt.nz/pir or consult a tax adviser.
What you need to do
If you’re a New Zealand tax resident individual, Inland Revenue will typically adjust any overpaid or underpaid PIE tax as part of your automated year-end income tax assessment. You may have already received an income tax assessment which shows if you are due a refund, have tax to pay, or have paid the right amount of tax for the 31 March 2025 year.
If you’re a non-resident, or an entity other than an individual (e.g. a company or trust), you need to include your PIE income in your New Zealand income tax return.
You can check and update your current PIR anytime in Fisher Funds Online or the mobile app. If you're unsure whether this is the correct rate for you, please visit ird.govt.nz/pir or speak with a tax adviser. Please note that we're unable to provide tax advice.
If you have any questions, you can chat with us online, email us, or call us on 0508 347 437 (Mon–Fri, 8:30am–5pm).
