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Income Tax Act 2007

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

MK 2: Eligibility requirements

You could also call this:

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

Illustration for Income Tax Act 2007

To get a tax credit paid in cash, you must meet some requirements. You must be 16 years or older and have a creditable membership of a complying superannuation fund or a KiwiSaver scheme. You must not be able to withdraw money from the scheme or fund under certain conditions, such as clause 4 of the KiwiSaver Act 2006.

You must not have withdrawn money under clause 12B of the KiwiSaver scheme rules. Your taxable income must be $180,000 or less, as determined under section MK 2B. You must live mainly in New Zealand, but there are some exceptions.

If you do not live mainly in New Zealand, you might still be eligible if you are an employee of the State services under the Public Service Act 2020 and are working outside New Zealand. You might also be eligible if you are working overseas as a volunteer or for a charity, as defined in section 4(1) of the Student Loan Scheme Act 2011, and your work meets certain requirements in schedule 1, clause 2(1) of that Act.

If you are eligible under these exceptions, you must give the fund provider written evidence that you meet the requirements and for how long you meet them.

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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=DLM1518602.

Topics:
Money and consumer rights > TaxesMoney and consumer rights > Savings and retirement
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MK 1: Tax credits for superannuation contributions, or

"Help with tax when you save for retirement"

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MK 2B: Taxable income, or

"What you earn that is counted for tax purposes is called your taxable income."

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

MK 2Eligibility requirements

  1. For the purposes of section MK 1(1), the requirements for the person for the tax credit year are the following:

  2. they must be 16 years or older; and
    1. they must have a creditable membership of a complying superannuation fund or a KiwiSaver scheme; and
      1. they must not be entitled under schedule 1, clause 4 of the KiwiSaver Act 2006 or an equivalent provision to withdraw an amount from the scheme or fund; and
        1. they must not have made a withdrawal under clause 12B of the KiwiSaver scheme rules (which relates to life-shortening congenital condition withdrawals); and
          1. their taxable income, as determined under section MK 2B, must be $180,000 or less; and
            1. they must reside mainly in New Zealand, or otherwise they must—
              1. be an employee of the State services under the Public Service Act 2020 serving outside New Zealand; or
                1. work overseas as a volunteer or for token payment for a charity (within the meaning of section 4(1) of the Student Loan Scheme Act 2011) and the work meets 1 or more of the requirements in schedule 1, clause 2(1) of that Act.

                2. For the purposes of subsection (1)(d)(i) and (ii), the person must give the fund provider written evidence that they meet the requirements, and of the period in which they meet the requirements.

                Compare
                Notes
                • Section MK 2(1) heading: substituted, on , by section 127(1) of the Taxation (KiwiSaver) Act 2007 (2007 No 110).
                • Section MK 2(1): amended, on , by section 10(1) (and see section 10(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
                • Section MK 2(1): amended (with effect on 1 April 2008), on , by section 367 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
                • Section MK 2(1): amended, on , by section 127(1) of the Taxation (KiwiSaver) Act 2007 (2007 No 110).
                • Section MK 2(1)(a): amended, on , by section 10(2) (and see section 10(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
                • Section MK 2(1)(b): substituted, on , by section 127(2) of the Taxation (KiwiSaver) Act 2007 (2007 No 110).
                • Section MK 2(1)(c): amended, on , by section 242 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
                • Section MK 2(1)(cb): inserted, on , by section 167 of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).
                • Section MK 2(1)(cc): inserted, on , by section 10(3) (and see section 10(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
                • Section MK 2(1)(d)(i): amended, on , by section 135 of the Public Service Act 2020 (2020 No 40).
                • Section MK 2(1)(d)(ii): replaced, on , by section 45 of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).
                • Section MK 2 list of defined terms creditable membership: inserted, on , by section 127(3) of the Taxation (KiwiSaver) Act 2007 (2007 No 110).
                • Section MK 2 list of defined terms fund provider: inserted, on , by section 10(4) (and see section 10(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).
                • Section MK 2 list of defined terms resident in New Zealand: repealed (with effect on 1 April 2008), on , by section 107 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).
                • Section MK 2 list of defined terms tax credit year: inserted, on , by section 10(4) (and see section 10(5) for application) of the Taxation (Budget Measures) Act 2025 (2025 No 26).