A prescribed investor rate (PIR) is the rate used to calculate how much tax you'll pay on your Portfolio Investment Entity (PIE) taxable income.
For us to ensure you pay the right amount of tax at the end of the financial year (31 April), we need to have your correct tax details.
Calculating your Prescribed Investor Rate (PIR)
To calculate your PIR rate, simply find where you sit inside the diagram below:
If you are applying for a Trust account, you can calculate the PIR rate by clicking here.
If you are applying for a Company account, you can calculate the PIR rate by clicking here.
How to change your Prescribed Investor Rate (PIR)
Step 1: Log into the Kernel platform.
Step 2: Navigate to your profile, by clicking the icon in the top right corner (usually with the initial of your first name showing).
Step 3: Select 'Profile & Settings'.
Step 4: Under the 'Profile' tab, scroll to the bottom and update the appropriate field with your desired PIR rate.
Please note: A limitation of our joint, trust and company accounts is that you aren't able to update your PIR & RWT rates via the Kernel platform. You will need to email our team at support@kernelwealth.co.nz for us to update this information in our system.