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 in. Once logged in, click on My Details in the menu bar top of the page and then Tax Details in the left hand menu. The Tax Details page shows the IRD number we have on file for you, along with your current PIR. Choose your new PIR rate and click the Save Changes button
What PIR value should I use?
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.