If you’ve recently been contacted by the IRD about your PIR and would like to change your rate, head to My AMP to log into My AMP. Once logged in, click on the blue "KiwiSaver" tab at the top of the page. After you click on this tab you will see an "I want to" menu on the right hand side of the screen. Select "Update my Prescribed Income Tax Rate" and select your correct Prescribed Income Tax Rate. Please note that you may need to update your password for security reasons if you haven't logged in recently. We apologise for any inconvenience.
If you have a non-KiwiSaver product with us, follow the same process but click on the blue "Investments" tab at the top of the page instead of the "KiwiSaver" tab.
Find out my PIR
Just like you pay tax on the wages or salary you earn, you also need to pay tax on the income you receive on investments such as the AMP KiwiSaver Scheme.
With KiwiSaver, the rate of tax you pay is called a Prescribed Investor Rate (PIR) and the rate is largely determined by how much you earn. The current tax rates for KiwiSaver are 28%, 17.5% and 10.5%. It's a good idea to check you are using the right PIR as paying tax using the wrong tax rate is like carrying the wrong size hiking pack - you're either carrying too little or too much.
To ensure you are carrying the right load, use our simple PIR guide.