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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 ...
Te Ara Ahunga Ora Retirement Commission (formerly Commission for Financial Capability), is a Crown entity under the New Zealand Crown Entities Act 2004. [1] The Commission provides financial education and information to residents of New Zealand, advises government on retirement income policy, and monitors the effectiveness of the Retirement Villages Act 2003.
A move to a partially pre-funded or "smoothed pay-as-you-go" system came with the establishing of the New Zealand Superannuation Fund under the aegis of Labour Minister of Finance Michael Cullen in 2001. In July 2007 the Fifth Labour Government introduced KiwiSaver as a voluntary retirement-savings scheme on top of New Zealand Superannuation ...
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.
Third National Government Ministries of New Zealand 1975–1984 Queen Elizabeth II and the 1981 New Zealand Cabinet Date formed 12 December 1975 Date dissolved 26 July 1984 People and organisations Monarch Elizabeth II Prime Minister Robert Muldoon (1975–1984) Deputy Prime Minister Brian Talboys (1975–1981) Duncan MacIntyre (1981–1984) Jim McLay (1984) Member party National Party ...
New Zealand Superannuation Fund; S. Superannuation in New Zealand This page was last edited on 12 May 2022, at 23:30 (UTC). Text is available under the Creative ...
In 1974, Robert Muldoon campaigned for prime minister with a platform to end New Zealand’s tax-supported superannuation pension plan. Upon winning the election, he thought he could do away with ...
On 22 August 2022, the New Zealand Government purchased Kiwibank's holdings company Kiwi Group Holdings for an estimated NZ$2.1 billion. As a result, the Government acquired full control of the state-owned bank from the New Zealand Superannuation Fund, ACC, and New Zealand Post. [19]