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Income Tax Act 2007

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

MK 5: Crown contributions for members

You could also call this:

“Government tax credits for KiwiSaver and complying fund members”

If you’re part of a KiwiSaver scheme or a complying fund, the government may give you a tax credit. This tax credit is sent to your fund provider, as mentioned in [section MK 3]. When this happens, it’s treated as if the Crown (which means the government) has made a contribution to your fund. This Crown contribution will follow the same rules as your KiwiSaver scheme or complying fund. These rules will decide how the contribution is handled in your account.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518613.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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MK 4: Amount of tax credit, or

“How to calculate your KiwiSaver tax credit”

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MK 6: Credit given by fund providers, or

“Fund providers immediately add your tax credit to your KiwiSaver or superannuation investments”

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

MK 5Crown contributions for members

  1. A tax credit paid to a person’s fund provider under section MK 3 is treated as a Crown contribution for the person, and the KiwiSaver scheme rules and complying fund rules, as applicable, apply to the amount.

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