What tax do I pay on my KiwiSaver investment?
If you're employed, your KiwiSaver contributions are deducted from your pay after PAYE has been calculated.
While your money is invested, tax is paid on taxable investment income using your Prescribed Investor Rate (PIR). Your PIR is based on your income and is generally 10.5%, 17.5% or 28%.
It’s important to make sure we have your correct PIR, as this helps ensure you pay the right amount of tax on your KiwiSaver investment income.
You can check and update your PIR in your Smart Member Portal.
When you make an eligible KiwiSaver withdrawal, such as for your first home or after age 65, you don’t pay tax on the amount you withdraw.