Sapwood Educational Resources Library
New Zealand has a universal superannuation scheme. Everyone aged 65 years old or over, who is a New Zealand citizen or permanent resident and normally lives in New Zealand at the time they apply is eligible.
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. Time spent overseas in certain countries and for certain reasons may be counted for New Zealand Superannuation.
New Zealand Superannuation is taxed, the rate of which depends on their other income. The amount of Superannuation paid depends on the person's household situation. For a married couple the net tax amount is set by legislation to be no less than 66% of net average wage.
Applying These Resources
Mauris, ut turpis euismod auctor scelerisque integer sem commodo. Ipsum suspendisse ac lectus felis, nam sed at donec. Bibendum aliquam tortor bibendum id varius cras in vel hac. Ac ultrices hac enim posuere sed mauris quis congue. Molestie eu, eget nam magnis cursus eget volutpat faucibus. Augue elit, curabitur laoreet in sed magna a amet. Amet tellus luctus aliquet a malesuada. Condimentum commodo nec mattis urna quam cursus.
Sollicitudin bibendum in pharetra enim dictum lacus, vitae non fames.
Sapwood Free Educational Resources
Financial Calculators: No Sign-Up Required
Diam turpis congue egestas ut. Pellentesque vulputate mauris sit enim pellentesque orci consectetur sed. Sagittis, amet enim mattis ultricies venenatis faucibus. Sit malesuada blandit fringilla in. Ac amet turpis consectetur hendrerit varius.