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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 ...
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.
The 2023 New Zealand mini-budget, also known as Mini Budget 2023, was released by Minister of Finance Nicola Willis on 20 December 2023 as part of the Sixth National Government's plan to address the cost of living, deliver income tax relief, and reduce the tax burden. [1]
Investing over NZ$1 billion to increase staff wages and numbers for the 2023–2024 financial year, including NZ$63 million to improving staffing levels and recruiting 500 new nurses. [ 4 ] [ 1 ] Investing NZ$864 million in the delivery of disability services.
Notable for being the first ever New Zealand government to have three parties in cabinet. A further five National MPs would sit outside of Cabinet, along with two ACT MPs and one NZ First MP. [282] [283] In a first for New Zealand, the Deputy Prime Minister role will be split for the term, with Winston Peters holding the office until 31 May 2025.
The Ministry of Social Development (MSD; Māori: Te Manatū Whakahiato Ora) is the public service department of New Zealand charged with advising the New Zealand Government on social policy, and providing social services. MSD is the largest public service department, employing public servants in over 200 locations around New Zealand.
On 27 January 2022, New Zealand's inflation rate hit a 30-year record high of 5.9% at the end of 2021. According to figures released by Statistics New Zealand, the rising cost of construction, petrol and rents pushed the consumer price index up 1.4 per cent between October and December 2021.
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.