Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Superannuation funds

CS 4: Exclusion of withdrawal to settle division of relationship property

You could also call this:

“Withdrawals from retirement funds for relationship property division are no longer covered by this rule”

This section of the law has been removed. It used to talk about how money taken out of a retirement fund to divide property when a relationship ends is treated for tax purposes. The rule was taken out of the law on 1 April 2011. If you want to know more about how this works now, you might need to look at newer parts of the tax law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512915.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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CS 3: Exclusion of withdrawal on grounds of hardship, or

“Hardship withdrawals from retirement savings are no longer covered by this section”

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CS 5: Exclusion of withdrawal paid as annuity or pension, or

“Withdrawn: Rules about pension payments no longer apply”

Part C Income
Superannuation funds

CS 4Exclusion of withdrawal to settle division of relationship property (Repealed)

    Notes
    • Section CS 4: repealed, on , by section 12 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).