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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 ...
Twelve days a year (from 2022) [1] Public holidays in New Zealand (also known as statutory holidays) consist of a variety of cultural, national, and religious holidays that are legislated in New Zealand. Workers can get a maximum of 12 public holidays (eleven national holidays plus one provincial holiday) and a minimum of 20 annual leave days a ...
As of 1 December 2011, people may receive New Zealand Superannuation if they are: aged 65 or over; a New Zealand citizen or permanent resident; a resident of New Zealand at the time they apply; They must also have lived in New Zealand for at least 10 years since they turned 20 with five of those years being since they turned 50.
The Act also rectified employers underpaying employees for sick days and holidays, particularly in jobs where part of the employee's pay was bonus or performance pay. For instance, if an employee got paid $100 a day, plus $200 a day bonus, the employer could have paid the employee $100 for a sick day, and not $300 as they would have expected of ...
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.
Legislature term: 53rd New Zealand Parliament until 8 September, then 54th New Zealand Parliament from 5 December. The Sixth Labour Government, elected in 2017 and 2020, then the Sixth National Government elected in 2023. Speaker of the House – Adrian Rurawhe until 5 December, then Gerry Brownlee.
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 ...
Kiwibank. Kiwibank Limited is a New Zealand state-owned bank and financial services provider. As of 2023, Kiwibank is the fifth-largest bank in New Zealand by assets, and the largest New Zealand-owned bank, with a market share of approximately 9%. [4] In December 2023, the bank's assets totaled about $35 billion.
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