What do I do if my Prescribed Investor Rate (PIR) changes?
Last Updated: 25 Nov 2016
You can find out what PIR you shoud use and update it using FastNet Classic internet banking or by contacting us.
If your PIR was recorded incorrectly for a prior year, and you were on a higher PIR but should have been on a lower rate, you will not be able to claim back any of the extra tax you have paid. If you were on a lower PIR than you should have been, you will need to include this income in your tax return and Inland Revenue can assess the tax on this income at your personal tax rate.
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