Tax eating into your savings?
Time to check your rate
 
 
 

Having the correct tax rate for your KiwiSaver account is important. This is known as the Prescribed Investor Rate (PIR) on your KiwiSaver PIE Tax Statement.

If you’re on the wrong tax rate for your KiwiSaver account, you could be paying too much tax or not enough. If you already know the correct tax rate for your KiwiSaver account you can change it now. 

I am ready to change my tax rate now.

Need to find your right tax rate?

To get the right tax rate for your KiwiSaver account, you’ll need to:

  • Work out your taxable income from salary, wages and benefits for each of the last two tax years (1 April – 31 March).
  • Find the tax rate that matches your income from salary, wages and benefits.
  • Check if any of the special cases apply to you.
  • Change your tax rate if you need to.

If you don't give us your tax rate, you'll end up paying tax at the highest rate of 28%.

Step 1

Find the tax rate that matches your taxable income from salary, wages and benefits.

 

 My income from salary/wages/benefits was more than $48,000 (before tax) a year in BOTH of the last two tax years.*
 My income from salary/wages/benefits was between $14,000 and $48,000 (before tax) a year in EITHER of the last two tax years.*
 My income from salary/wages/benefits was less than $14,000 (before tax) in EITHER of the last two tax years.*

* The last 2 tax years are 1 April 2017 - 31 March 2018 AND 1 April 2018 - 31 March 2019.

Step 2

Are you a New Zealand tax resident?

 I am a New Zealand tax resident
 I am NOT a New Zealand tax resident

Step 3

Please read each special case and tick the box if it applies to you.

 Special case 1: I had income from sources* OTHER THAN wages, salary and benefits in EITHER of the last two tax years.
 Special case 2: I have $150,000 or more invested in my KiwiSaver account or other Portfolio Investment Entities (PIE) investments.
 Both special cases above apply to me
 None of these special cases apply to me

* For example, that's income from interest, dividends, bonuses and tips, self-employment income, rental property income, business income, trust distributions, overseas income in either of the last two tax years.

Important information

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AMP will not be held liable if the PIR provided is incorrect and results in loss or damage being suffered by the provider.

While every care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission

AMP Wealth Management New Zealand Limited is the issuer and manager of the AMP KiwiSaver Scheme.

For more information, download a copy of the AMP KiwiSaver Scheme Product Disclosure Statement and Fund Update Booklet.

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