Multi-rate PIEs must send investor statements to their investors. The statements show the investor’s income or loss, tax credits, and any distributions.
You do not need to send us copies of the statements – they are for investors only.
Statement due dates
You must send an investor statement for each tax year by 1 of the following dates. Check which date suits your situation.
31 May after the end of the tax year
Use 31 May if all the following apply.
- The multi-rate PIE is not a superannuation fund or retirement savings scheme (not locked-in).
- The multi-rate PIE is either a quarterly or exit PIE, or a provisional tax PIE with an income year ending before 31 May.
30 June after the end of the tax year
Use 30 June if all the following apply.
- The multi-rate PIE is a superannuation fund or retirement savings scheme like KiwiSaver scheme (a locked-in fund).
- The multi-rate PIE is either a quarterly or exit PIE, or a provisional tax PIE with an income year ending before 30 June.
Within 2 months after the end of the multi-rate PIE’s income year
Use this date if the multi-rate PIE is a provisional tax PIE with a balance date later than 30 June.
When an investor exits a PIE that files returns quarterly
In this situation, the multi-rate PIE can choose either:
- 30 June
- by the end of the month following the quarter in which the investor exits.
This includes situations where a voluntary payment is made for the exited investor.
What to include in the investor statement
| Term | Explanation | ||
|---|---|---|---|
| Investor name | The name of the investor, including any joint investors. | ||
| Investor IRD number | The investor's IRD number. This includes the IRD number of all joint investors. | ||
| MRP balance date | The multi-rate PIE's balance date. | ||
| PIR as at year-end | If there was a PIR change during the year, show each rate used. If there was no change, the PIR stays the same. |
||
| Incorrect PIR use | We need to be told about any of the changes to your PIR during the year. If there was no change, we do not need to be told. | ||
| Taxable income or loss | The total attributed income or loss after deducting investor expenses, minus credits for fees. | ||
| Investor expenses less credits | The gross investor level deduction (expenses minus credits for fees) | ||
| Gross tax payable/creditable | The combination of each tax calculation during the year for investors who did not have a 0% PIR. | ||
| Tax credits used | The combination of each tax credit used in a tax calculation during the year for investors who did not have a 0% PIR. | ||
| Net tax paid – credited | The combination of each tax calculation during the year, being the result of gross tax paid or credited minus tax credits used, for investors who did not have a 0% PIR. | ||
| Net taxable adjustment made |
This tells the investor how the return adjustment required has been made. For example:
|
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For investors with more than 1 PIR during the year
| Term | Explanation | ||
|---|---|---|---|
| Lower rate details | Lower rate information when more than 1 rate applied for the year. Repeat all above fields showing the lower rates details. | ||
| Zero-rated exitor payment | Details of the remaining interest of an exited investor paid as tax, so the investor can claim a credit. | ||
Included for investors that have had the zero-rate applied
| Term | Explanation | ||
|---|---|---|---|
| Taxable income or loss | Total taxable income or loss for the year after deducting investor expenses minus credits for fees. | ||
| Foreign tax credits | Attributed for the year or exit period. | ||
| Other tax credits | Attributed for the year or exit period. | ||
| Imputation credits | Attributed for the year or exit period. | ||
| Resident withholding tax credits | Attributed for the year or exit period. | ||
Last updated:
21 Feb 2025