Annual PIE Tax Certificate Frequently Asked Questions

What is the Annual PIE Tax Certificate?

The Annual PIE Tax Certificate is sent to members of the JMI Wealth KiwiSaver Scheme. It shows the amount of tax you paid on taxable income earned by the scheme for the year ending 31 March.

Do I have to do anything with the certificate?

Each of the funds in the JMI Wealth KiwiSaver Scheme is a portfolio investment entity (PIE), which means that tax has already been calculated and paid to Inland Revenue using your prescribed investor rate (PIR).

Your PIR is shown on the certificate. You can also work out your PIR by using Inland Revenue’s PIR calculator.

Your PIR can be 10.5%, 17.5% or 28%. You don’t have to do anything if the PIR shown on the certificate is correct, as your tax has already been paid on the taxable portion of your investment income by adjustment of balance in the relevant fund(s).

What if the PIR shown on the certificate is incorrect?

You may need to complete a tax return if the PIR we held for you was incorrect. If you are not sure, you should consult your accountant or tax adviser.

How do I change my PIR?

You can change your PIR by logging in online at myjmiwealthkiwisaver.co.nz.

You can also email us your PIR at [email protected] (include your name, date of birth, and IRD number).

What if I changed my PIR during the period?

The amount of tax paid is calculated based on your PIR at the end of the period.

Where can I find more about PIRs?

You can find more about PIRs and how to work out your rate on Inland Revenue’s website.

The information provided is a general guide and does not take into account your personal situation. You should seek independent professional advice from an accountant or tax adviser.