CS 7: Exclusion of withdrawal when member ends employment
You could also call this:
“This section about withdrawing retirement savings when leaving a job was removed from the law”
This part of the Income Tax Act 2007 used to talk about what happens when you stop working and want to take money out of your retirement savings. However, the government decided to remove this part of the law on 1 April 2011. This means that the rules about taking money out when you end your job are no longer in this act. If you want to know what rules apply now, you might need to look at other parts of the law or ask someone who knows about taxes and retirement savings.
CS 8: Exclusion of withdrawal when member ends employment: lock-in rule, or
“Old rule about taking money from savings when leaving a job no longer applies”
Part C
Income
Superannuation funds
CS 7Exclusion of withdrawal when member ends employment (Repealed)
Notes
Section CS 7: repealed, on , by section 12 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).
