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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 ...
$256m over four years to increase tertiary tuition and training subsidies to providers by 2.5%. [6] Student loan interest rates for overseas borrowers to increase from 3.9% to 4.9% from 1 April 2025. [6] Announced before the Budget: $153m to set up Charter Schools. [6] [9] Structured literacy. [6] $53m for teacher training and recruitment. [10]
New Zealand and the United Arab Emirates sign a comprehensive economic partnership agreement, cutting tariffs on 98.5% of New Zealand exports to that country. [15] 14 January – Deputy Police Commissioner Jevon McSkimming is suspended from duties due to a criminal investigation by the Independent Police Conduct Authority and the New Zealand ...
The Fed's rate moves don't directly impact savings account interest rates in most cases. This is why even though the federal funds rate has increased by more than 5 percentage points since the ...
The government taxes New Zealand Superannuation at a rate which depends on recipients' other income. [20] The amount of superannuation paid depends on the person's household situation. For a married couple the net of tax amount is set by legislation to be no less than 65% of the net average wage, although the Fifth Labour Government increased ...
The COVID-19 pandemic led to the largest year-over-year increase in U.S. money supply, which in turn sent the prevailing rate of inflation soaring to a four-decade high. Following a decade of ...
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
The Ministry of Social Development (MSD; Māori: Te Manatū Whakahiato Ora) is the public service department of New Zealand charged with advising the New Zealand Government on social policy, and providing social services. MSD is the largest public service department, employing public servants in over 200 locations around New Zealand.