15.11.2021

New law has received the Royal Assent

The New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill has received the Royal Assent and is law now. This means that the residency requirement for being eligible for NZ Super will be raised from 10 to 20 years and phased in over 18 years from 1 July 2024 until 30 June 2042. All information in this article on our website: New residency requirement.

10.11.2021

All hurdles cleared: 20-year residency requirement for NZ Super becomes law

After the Third Reading on 10 November 2021 the Royal Assent for changing the residency requirement for NZ Super from 10 to 20 years is only a formality. Read the report on the Second Reading of the so-called New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill here (click link).

26.05.2021

Select Committee report on the

Fair Residency Bill

The Select Committee for Finance and Expenditure has delivered its final report on the

New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill to Parliament early this month. The suggestion is to raise the residency requirement for NZ Super from 10 to 20 years and phase it in over a period of ten years. Despite lots of submitters requesting to abolish the Direct Deduction Policy under the new regime, the Select Committee didn't mention the issue at all. The rip-off will continue indefinitely.

Deductible and non-deductible pensions

MSD has released the lists of deductible and non-deductible overseas pensions under the Official Information Act. They read like a hap-hazard compilation with more typos than anything.

Link to the deductible pensions: https://www.scribd.com/document/499073656/20210311-OIA-Final-Response-Letter-STOCK#from_embed

You find the list of non-deductible pensions on a separate page. Just click the link.