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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 ...
The 2023 New Zealand mini-budget generated NZ$7.5 billion worth of savings by stopping 15 programmes including 20 hours of free childcare for two-year-olds (worth NZ$1.2 billion), eliminating depreciation for commercial buildings (NZ$2.3 billion) and disestablishing the Climate Emergency Response Fund (NZ$2 billion). [2]
Welfare in New Zealand. A Ministry of Social Development office in Glen Eden, West Auckland. Social welfare has long been an important part of New Zealand society and a significant political issue. It is concerned with the provision by the state of benefits and services. Together with fiscal welfare and occupational welfare, it makes up 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.
2023 half-year ›. Budget 2023, titled " Support for today, Building for tomorrow ", is the New Zealand budget for fiscal year 2023/24 presented to the House of Representatives by Finance Minister, Grant Robertson, on 18 May 2023 as the fifth budget presented by the Sixth Labour Government. The budget was released in the midst of rising living ...
Winston Raymond Peters PC (born 11 April 1945) is a New Zealand politician who has served as the 13th and current deputy prime minister of New Zealand since November 2023 and leader of New Zealand First since its foundation by Peters in 1993. [2]
In the 2023 New Zealand general election held on 14 October, the Labour Party lost its place as the largest party in parliament to the National Party. [278] In final results, Labour gained 26.91% of the popular vote and its share of parliamentary seats dropped from 64 to 34. [279] Hipkins conceded the election to National Party leader ...
The Beehive, Wellington, is the seat of government (i.e. headquarters of the executive branch). In New Zealand, the term Government can have a number of different meanings. At its widest, it can refer collectively to the three traditional branches of government—namely, the executive branch, legislative branch (the King-in-Parliament and House of Representatives) and judicial branch (the ...
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