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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.
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 ...
1 April – The minimum wage will rise by 1.5% from $23.15 to $23.50. In addition, training and starting wages will rise to $18.80. [13]2 June – The 2025 King's Birthday Honours will be announced.
Created the New Zealand Superannuation Fund (2001); KiwiSaver retirement savings scheme (2007); Purchased a majority stake in Air New Zealand (2001); Renationalised New Zealand's national rail network (Under ONTRACK) (2004), and in 2008 the rail and ferry operations of Toll New Zealand (renamed KiwiRail). KiwiRail and ONTRACK were then merged ...
Grey Power is a New Zealand-based lobby group that promotes the interests of people over the age of 50. Grey Power New Zealand Federation Inc. is made up of 76 associations across the country with a combined 90,000 members. Funding comes primarily from annual membership fees. [1]
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Substantial improvements were made in social security benefits during the Second Labour Government's time in office, [3] as characterised by a 50% increase in family allowances, [6] together with increases in other welfare benefits, [4] universal superannuation, age benefits and other pensions. [3]