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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.
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.
In July 2007 the Fifth Labour Government introduced KiwiSaver as a voluntary retirement-savings scheme on top of New Zealand Superannuation. Employees choose to contribute 3%, 4% or 8% of their gross earnings, with employers contributing 3%, and the government contributing a $1000 "kick-start" when an employee joins KiwiSaver as well as 50c per ...
Basic pension: Social insurance system Pay Related Social Insurance: Occupational pension schemes: ... New Zealand: New Zealand Superannuation – public pensions;
Anne-Maree O'Connor is a New Zealand investment banker. [1] She has been Head of Sustainable Investment for the New Zealand Superannuation Fund since 2006. [ 1 ] In 2017 she was ranked eighth among the world's most influential responsible investment specialists.
Toll New Zealand (rolling stock and inter-island ferries) Ontrack (track and infrastructure) Formerly New Zealand Rail (1990–1995), Tranz Rail (1995–2002), Toll New Zealand (2002–2008) Kordia: 1 July 1989 Subsidiary of Television New Zealand: Formerly Broadcast Communications Limited or BCL, renamed 2006. Landcorp: 1 April 1987
These are collected by a range of government agencies such as the New Zealand Customs Service. There is no social security (payroll) tax. New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009, 33% on 1 October 2010 and ...