Do I need to file a tax return for my Portfolio Investment Entity (PIE) income?
If your Prescribed Investor Rate (PIR) was recorded correctly for the year, the correct amount of Portfolio Investment Entity (PIE) tax will be paid to Inland Revenue on your behalf and you don’t need to do anything further. You can check the PIR we have recorded for you using the ASB Mobile Banking app or FastNet Classic internet banking or by contacting us.
To check on the ASB Mobile Banking app:
- Log in and tap your Profile in the top right hand corner.
- When the Profile settings screen opens, tap Personal details.
- Scroll down and open up Tax details.
To check in FastNet Classic:
- Log In to FastNet Classic and select your Profile in the top right hand corner.
- Select Update Tax Details.
- You’ll see any tax details we have for you displayed here.
Find out more information about PIRs and if your PIR is recorded incorrectly, please let us know so we calculate the correct amount of tax for you next year.
If you are on a higher PIR but should have been on a lower PIR, you will not be able to claim back any extra tax you have paid. If you were on a lower PIR than you should have been, you will need to include your PIE income in your tax return and pay tax on this income at your personal tax rate.
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