Plain language law

New Zealand law explained for everyone

Social Security Act 2018

Obligations - Beneficiaries’ obligations - General obligations: obligations in relation to overseas pensions

180: Meaning of rate

You could also call this:

“What 'rate' means when talking about overseas pensions”

In sections 177 to 179, when talking about an overseas pension, the word ‘rate’ means how much the pension is worth in the money of the country that pays it. For example, if you get a pension from Australia, the rate would be in Australian dollars.

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Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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Part 3 Obligations
Beneficiaries’ obligations: General obligations: obligations in relation to overseas pensions

180Meaning of rate

  1. In sections 177 to 179, rate, in relation to an overseas pension, means the rate of that pension in the currency of the country paying that pension.

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