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General Business
4 mins to read
5

Taxman taketh away but doesn’t giveth

IRD says it won't refund incorrect KiwiSaver PIR overpayments.

Gill South Wed, 05 Jun 2019

While 450,000 New Zealanders have got their Prescribed Investor Rate (PIR) tax rate wrong for their KiwiSaver funds, some of whom are now receiving bills from Inland Revenue, spare a thought for those who have overpaid their tax. 

That’s because since KiwiSaver funds are PIE (portfolio

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Gill South Wed, 05 Jun 2019
Contact the Writer: gill@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
KiwiSaver Prescribed Investor Rate Pie Funds IRD tax Martin Hawes Summer Kiwisaver Murray Harris Milford Asset Management
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