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The New Zealand Superannuation Fund (Māori: Te Kaitiaki Tahua Penihana Kaumātua o Aotearoa) is a sovereign wealth fund in New Zealand.New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of the Fund is to partially pre-fund the future cost of the New Zealand Superannuation pension, which is expected to increase as a result of New Zealand's ...
Veteran's Pension – for people who have served in the New Zealand Defence Force during a war or emergency and have a war-related disability. Young Parent Payment – for young people aged 16–19 and caring for children aged under 14, who can't live with their parents and are unsupported by them.
If the pension holder lives in a jurisdiction with no Double Tax Treaty with the UK; Where sophisticated investors require non-standard and unregulated funds that would not be allowed in a British pension; Certain jurisdictions where pension holders are resident, like Australia and New Zealand, that offer tax advantages
Mandatory occupational pension provision: Voluntary private collective pension provision; Voluntary private individual pension provision Georgia: Basic pension: N/A: N/A: N/A Germany: Social assistance: Social insurance system: Voluntary occupational pension insurance: Private pension schemes Hong Kong: Basic pension: Provident fund system: N/A ...
Under the new policy, the government will contribute 12% of a worker's wages into their pension fund, known in Australia as superannuation, on top of their government-funded parental leave. The ...
The KiwiSaver scheme logo. KiwiSaver is a New Zealand savings scheme which has been operating since 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them earlier in certain limited circumstances, for example if undergoing significant financial hardship or to use a deposit for a first home.
Called retirement plans in the United States, they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans (or super [3]) in Australia and New Zealand. Retirement pensions are typically in the form of a guaranteed life annuity, thus insuring against the risk of longevity.
The Domestic Purposes Benefit, or DPB, was first introduced in New Zealand in 1973 [2] by the country's Third Labour Government led by Prime Minister Norman Kirk. [2] The Destitute Persons Act 1910 and the Domestic Proceedings Act 1968 had previously created a statutory means by which a woman could seek a maintenance order against the father of her children.