Prescribed investor rates

New Zealand tax residents 

New Zealand residents are taxed at a PIR of 10.5%, 17.5% or 28%.

10.5%

Individuals who had, in either of the two years immediately before the tax year to which the PIR applies, both:

• taxable income of $14,000 or less; and
• taxable income plus income allocated by PIEs of $48,000 or less.

17.5%

Individuals who do not qualify for the 10.5% rate and who had, in either of the two years immediately before the tax year to which the PIR applies, both:

• taxable income of $48,000 or less; and
• taxable income plus income allocated by PIEs of $70,000 or less.

28%

• Individual investors who do not qualify for the 10.5% or 17.5% PIR.
• Individual investors who do not provide an IRD number.

Joint investors

Joint investors are taxed at the higher of their respective PIRs. That is 0%, 10.5%, 17.5% or 28%.

Non-residents

All non-resident investors have a PIR of 28%.

New Zealand tax resident entities (companies and charities) 

New Zealand tax resident companies and charities must elect a PIR of 0%.

Family Trusts

Family trusts can either select a PIR of 0%, 17.5% or 28%.The rate chosen would be the one that best suited based on the tax rates of the underlying beneficiaries. 

Partnerships

A partnership must elect the highest applicable PIR of any one of the holders: 0%, 10.5%, 17.5% or 28%.