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CW 4: Annuities under life insurance policies
or “Tax-free regular payments from certain life insurance policies”
You could also call this:

“UK post-war credit interest payments are tax-free in New Zealand”

If you receive interest under section 2 of the Income Tax (Repayment of Post-War Credits) Act 1959 from the United Kingdom Parliament, you don’t have to pay tax on it in New Zealand. This means the money you get from this interest is exempt from income tax here.

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Next up: CW 6: Payments of interest: farm mortgages

or “Tax exemption rules for interest on some farm mortgages”
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Part C Income
Exempt income

CW 5Payments of interest: post-war credits

  1. Interest derived by a person under section 2 of the Income Tax (Repayment of Post-War Credits) Act 1959 of the United Kingdom Parliament is exempt income.

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