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Income Tax Act 2007

Income - Exempt income

CW 62: Interest paid under the KiwiSaver Act 2006

You could also call this:

“KiwiSaver interest from the government is tax-free”

If you receive interest money from the government because of KiwiSaver, you don’t have to pay tax on it. This interest is paid by the Commissioner under section 84 of the KiwiSaver Act 2006. The law says this interest is exempt income, which means you don’t need to include it when you’re calculating your taxable income.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513320.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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CW 61: Providing standard-cost household service, or

“Rules for tax exemption on standard-cost household services”

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CW 62B: Voluntary activities, or

“Money you get as a volunteer to cover your expenses is usually tax-free”

Part C Income
Exempt income

CW 62Interest paid under the KiwiSaver Act 2006

  1. Interest paid by the Commissioner under section 84 of the KiwiSaver Act 2006 is exempt income.

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