Join as an individual

Your PIR will be either 10.5%, 17.5% or 28%. In order to qualify for the 10.5% PIR, you must be a New Zealand tax resident, and in either of the two income years (An income year generally runs from 1 April to 31 March) immediately before the tax year in question:

• your taxable income (excluding PIE income) was $14,00 or less, and
• your combined taxable income and PIE income, after subtracting and PIE losses, was $48,000 or less.

In order to qualify for the 17.5% PIR, you must be a New Zealand tax resident, and in either of the two income years immediately before the tax year in question:

• your taxable income (excluding PIE income) was $14,000 or less, but
• your combined taxable income and PIE income, after subtracting any PIE losses, was more than $48,000 but not more than $70,000

or

• your taxable income (exluding PIE income) was more than $14,000 but not more than $48,000 and
• your combined taxable income and PIE income, after subtracting and PIE losses, was $70,000 or less.

If you do not qualify for the 10.5% or 17.5% PIR, your PIR will be 28%.

For further details visit ird.govt.nz.