How do I determine my correct PIR?

You can find out more on the IRD website.

Currently, for resident New Zealand individuals, your PIR can be determined as follows:

Taxable income of $14,000 or less:

If, in either of the previous two income years your taxable income was $14,000 or less, and when combined with your PIE income or loss was $48,000 or less in the income year, then your PIR is 10.5%

If, in either of the previous two income years your taxable income was $14,000 or less, and when combined with your PIE income or loss was $48,001 to $70,000 in the income year, and you don’t already qualify for 10.5% then your PIR is 17.5%

If, in either of the previous two income years your taxable income was $14,000 or less, and when combined with your PIE income or loss was $70,000 or more in both of the previous two income years, then your PIR is 28%

Taxable income of $14,001 to $48,000:

If in either of the previous two income years, your taxable income plus your PIE income or loss was:

  • $70,000 or less in the income year, your PIR is 17.5%, or
  • $70,001 or more in both of the previous two income years, your PIR is 28%

Taxable income was more than $48,000:

If your taxable income was more than $48,000 in both of the previous two income years, your PIR is 28%.

By |2016-12-18T22:39:38+00:00December 10th, 2016|Comments Off on How do I determine my correct PIR?