Your Prescribed Investor Rate, or PIR, is the rate of tax you pay on the income generated from your investment - it can be 10%, 17.5% or 28%.
To view or update the PIR on your Simplicity account, please log in to the member app and select Profile from the main menu. You’ll be able to update your PIR there. Please allow 1 working day for the change to show online.
It’s your responsibility to update your PIR if it changes. The best way to check your correct PIR is to use IRD’s PIR calculator.
For joint Investment Fund accounts where the account holders have different PIRs (Prescribed Investor Rates) tax is applied at the higher of the two rates.
Simplicity Investment Funds are structured as PIEs. PIE stands for Portfolio Investment Entity. A PIE invests contributions from investors in different types of investments. The tax rate for your investment earnings from a PIE is referred to as your ...
You can set up a joint Investment Fund by completing our application form here. If each investor has a different PIR rate, the higher of the two rates will apply. Withdrawals can be requested by either account holder.
For an individual Investment Funds account, we will pay the investment to the personal representative of the investor's estate once we have received the required legal documentation. If the investor left a valid Will, this will usually be the ...
If your loved one had a Simplicity account please contact the Investor Services team here for the next steps to take. We'll need to know their full name, date of birth and IRD number.