Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Superannuation funds

CS 6: Exclusion of withdrawal on partial retirement

You could also call this:

“This rule about withdrawing money when partly retiring no longer exists”

This part of the law is about something called ‘Exclusion of withdrawal on partial retirement’. It used to be part of the Income Tax Act 2007 in New Zealand. However, you don’t need to worry about it anymore. The government removed this rule on 1 April 2011. They took it out of the law completely. This means it no longer applies to anyone and you can’t use it or be affected by it.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512919.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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CS 5: Exclusion of withdrawal paid as annuity or pension, or

“Withdrawn: Rules about pension payments no longer apply”

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CS 7: Exclusion of withdrawal when member ends employment, or

“This section about withdrawing retirement savings when leaving a job was removed from the law”

Part C Income
Superannuation funds

CS 6Exclusion of withdrawal on partial retirement (Repealed)

    Notes
    • Section CS 6: repealed, on , by section 12 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).