Click 'Your profile' in the member portal to update your PIR rate. Use the IRD calculator to figure out your correct PIR.
PIR stands for “Prescribed Investor Rate” and is the rate that Kiwi Wealth pays tax on your investment. You need to manually select this rate based on your taxable income.
You can update your PIR by logging into your Kiwi Wealth KiwiSaver account here and clicking on the ‘your profile’ tab at the top of the page.
Make sure once you have updated your PIR, you save your changes by clicking the “Save your Changes” button at the bottom of the page.
To calculate your correct PIR, please use the calculator on the Inland Revenue website here.