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Delays to response times: It is taking longer than usual to answer calls and myIR messages, and to process some COVID-19 Support Payment applications. This is because of the impact of COVID-19. If possible, please contact us through your myIR account. Log in to myIR

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

A prescribed investor rate (PIR) is the tax rate that a multi-rate PIE (MRP) uses to work out tax on income it attributes to an investor. PIRs are only provided by an investor when they invest in an MRP. 

Find my prescribed investor rate (PIR)

Using PIRs

Investors need to provide you with their PIR when opening their account . You need to apply the default PIR of 28% if no PIR is supplied.

Providing an IRD number

New investors have 6 weeks to provide you with their IRD number. If they do not, you can close their account and refund the funds.

For income attributed during the 6 weeks, you need to:

  • work out tax using the default rate and pay this to us
  • include any net balance in the refund of an investment.

Please ask your investors to review their PIRs every year. Investors only need to notify you if their PIR needs to change.

Balance dates

MRPs 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.

How investor information is handled

You need to send us your investor information by 15 May for early or standard 31 March balance dates, or 2 months after the end of their income year for late balance dates.

If you cease to be an MRP, you’re required to send the information to us within 3 months after the end of the month you cease.

Last updated: 13 Jul 2021
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