Income Tax Act 2007

Income - Superannuation funds

CS 9: Exclusion of withdrawal from defined benefit fund when member ends employment

You could also call this:

“This rule about leaving your job and getting money from a special savings account no longer applies”

This section of the law used to talk about what happens when you leave your job and have money in a special type of savings account called a defined benefit fund. However, this part of the law doesn’t apply anymore. It was removed on 1 April 2011, which means it’s no longer in effect. If you want to know what rules apply now, you might need to look at other parts of the law that are still active.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512925.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement

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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”


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CS 10: When member treated as not ending employment, or

“This rule about when employment doesn't end has been removed from the law”

Part C Income
Superannuation funds

CS 9Exclusion of withdrawal from defined benefit fund when member ends employment (Repealed)

    Notes
    • Section CS 9: repealed, on , by section 12 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).