PIR
Prescribed Investor Rate — the tax rate applied to your PIE/KiwiSaver earnings.
Your Prescribed Investor Rate (PIR) is the tax rate applied to income earned from Portfolio Investment Entities (PIEs), including KiwiSaver funds. Rates are 10.5%, 17.5%, or 28%, based on your income. Using the wrong PIR can mean you over- or under-pay tax on your investment income.