A prescribed investor rate (PIR) is the tax rate that a multi-rate PIE uses to work out tax on investor income. Your investors should provide you with their PIR when they first invest in your multi-rate PIE.
This page is for multi-rate PIEs. Investors looking for their PIR can find it here instead.
Find my prescribed investor rate
Multi-rate portfolio investment entity
Getting PIRs from investors
Make sure your investors:
- tell you their PIR and IRD number when they open their PIE account
- tell you if their PIR needs to change.
You need to ask your investors to review their PIR once a year. Investors who have already provided their PIR only need to tell you if their PIR needs to change.
If an investor does not give you a PIR rate, use the default rate of 28%.
IRD numbers from new investors
New investors have 6 weeks to give you their IRD number. If they do not, you can close their account and refund the funds minus any tax.
For any income during the 6 weeks, you must:
- work out tax using the given PIR (if any), or the default rate, and pay this to us
- include any net balance in the refund of an investment.
Balance dates
Multi-rate PIEs usually have a 31 March balance date. The income years used to work out PIRs may change if an investor's balance date is different to yours. This may also happen when a provisional tax multi-rate PIE has a non-standard balance date.
Handling investor information
If you have an early or standard 31 March balance date, you need to send us your investor information by 15 May following the end of the tax year.
If you have a late balance date, you need to send us your investor information within 2 months after the end of your income year.
If you stop being a PIE, you must send us the information within 3 months after the end of the month in which you stop.