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Technical tax area
Te wahi mo te take hangarau

KiwiSaver

Amendments have been made to the KiwiSaver Act 2006.

Refinements to scheme windup provisions

Changes have been made to the KiwiSaver Act 2006 to refine the scheme windup provisions.

Sharing of information about KiwiSaver members

Changes have been made to allow information to be shared between Inland Revenue and the member's KiwiSaver provider. This will improve the accuracy of information held, particularly when a member's personal details, such as an address change.

Transfer from complying superannuation fund to KiwiSaver scheme

A change has been made to the KiwiSaver Act to clarify that a person who is over the New Zealand Superannuation age and who transfers from a complying superannuation fund to a KiwiSaver scheme will not receive the initial Crown contribution. This $1,000 kick-start contribution is designed to encourage new savers to KiwiSaver and is inappropriate for those who are transferring from another scheme.

Leasehold estate for first home withdrawal

Changes have been made to correct an inadvertent alteration to the KiwiSaver first home facility.

 

 


Date published: 18 Apr 2011

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