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Income Tax Act 2007

Income - Excluded income - Definitions

CX 50: Tax credits for KiwiSaver and complying superannuation funds

You could also call this:

“KiwiSaver and superannuation fund tax credits are not taxable income”

If you get a tax credit for KiwiSaver or a complying superannuation fund, you don’t have to include it as income. This is covered in subpart MK of the law. It’s important to know that this money isn’t counted as part of your regular income, which means you won’t have to pay tax on 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=DLM1513460.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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CX 49: Employer’s superannuation contributions, or

“Employer contributions to your super fund are tax-free income”

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CX 50B: Contributions to retirement savings schemes, or

“Rules for tax on money saved for retirement”

Part C Income
Excluded income: Definitions

CX 50Tax credits for KiwiSaver and complying superannuation funds

  1. An amount paid as a tax credit under subpart MK (Tax credits for KiwiSaver schemes and complying superannuation funds) is excluded income of the person deriving the amount.

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