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Income Tax Act 2007

Tax credits paid in cash - Tax credits for KiwiSaver schemes and complying superannuation funds

MK 1: Tax credits for superannuation contributions

You could also call this:

"Help with tax when you save for retirement"

Illustration for Income Tax Act 2007

If you have a KiwiSaver scheme or a complying superannuation fund, the fund provider gets a tax credit. The tax credit is calculated under section MK 4 for the money you put into the scheme or fund. You must meet certain requirements, which are explained in section MK 2, to get the tax credit.

A tax credit year is a year that starts on 1 July and ends on 30 June. This is the period when the tax credit is calculated. The fund provider calculates the tax credit for this period.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518600.

Topics:
Money and consumer rights > TaxesMoney and consumer rights > Savings and retirement
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MK 2: Eligibility requirements, or

"Who can get a tax credit paid in cash?"

Part MTax credits paid in cash
Tax credits for KiwiSaver schemes and complying superannuation funds

MK 1Tax credits for superannuation contributions

  1. A fund provider of a person's KiwiSaver scheme or a complying superannuation fund has a tax credit for a tax credit year equal to an amount calculated under section MK 4 for a member credit contribution to the scheme or fund. Section MK 2 imposes some eligibility requirements for the tax credit year in relation to the person.

  2. Repealed

  3. Repealed

  4. Repealed

  5. In this subpart, tax credit year is a year that begins on 1 July and ends on 30 June for which a tax credit referred to in subsection (1) is calculated.

Compare
Notes
  • Section MK 1: substituted, on , by section 125 of the Taxation (KiwiSaver) Act 2007 (2007 No 110).
  • Section MK 1(1): amended, on , by section 9(1)(a) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1(1): amended, on , by section 9(1)(b) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1(1): amended (with effect on 1 April 2008), on , by section 366 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
  • Section MK 1(2) heading: repealed, on , pursuant to section 53 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).
  • Section MK 1(2): repealed, on , by section 53 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).
  • Section MK 1(3) heading: repealed, on , pursuant to section 9(2) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1(3): repealed, on , by section 9(2) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1(4) heading: repealed, on , pursuant to section 53 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).
  • Section MK 1(4): repealed, on , by section 53 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).
  • Section MK 1(5) heading: inserted, on , by section 9(3) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1(5): inserted, on , by section 9(3) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1 list of defined terms employee: repealed, on , by section 9(4)(a) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1 list of defined terms employer: repealed, on , by section 9(4)(a) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1 list of defined terms employer contribution: repealed, on , by section 9(4)(a) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1 list of defined terms pay: repealed, on , by section 9(4)(a) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1 list of defined terms tax credit year: inserted, on , by section 9(4)(b) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1 list of defined terms tax year: repealed, on , by section 9(4)(c) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
  • Section MK 1 list of defined terms year: inserted, on , by section 9(4)(c) (and see section 9(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).