Your Prescribed Investor Rate (PIR) is the rate of tax you pay on the income generated from your investment.
The best place to work out your PIR rate is on the IRD's PIR calculator here.
It's your responsibility to update your PIR rate if it changes. If you're a Simplicity member, you can update it by logging into your account here. Click on your investment fund and then on the left-hand menu select 'My info'.
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 the contributions from its investors in different types of investment. The tax rate for your investment earnings from a PIE is referred to ...
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.
If your loved one had a Simplicity account please contact the Investor Services team at info@simplicity.kiwi for the next steps to take. We'll need to know their full name, date of birth and IRD number.
The fund type you invest in will depend on your reasons for investing, your age and stage of life and also your risk appetite. To find out what kind of investor you are and for other useful information check out some of the tools on sorted.org.nz ...