The end of another financial year has passed and providers of KiwiSaver schemes will be busy preparing tax and annual member statements (AMS). Your KiwiSaver provider will include a link to this on your AMS. If you are over 65, your KiwiSaver provider may still include a weekly income figure, based on the FMA’s assumptions. Your tax statement will include information about the taxable income, and taxes paid on your behalf this year. Seeking tax advice can help you understand the impact of PIE tax relative to your prescribed investor rate (PIR).

Source: Otago Daily Times May 14, 2021 22:30 UTC