Savings and retirement
This page contains different parts of laws about Savings and retirement, within the topic of Money and consumer rights.

Related Plain Language Law
Income Tax Act 2007
Rules for deducting tax from different types of income and benefits
BE 1: Withholding liabilities
Income Tax Act 2007
How regular payments from annuities are treated as income
CC 5: Annuities
Income Tax Act 2007
How superannuation schemes are treated when they become superannuation funds
CD 12: Superannuation schemes entering trust rules
Income Tax Act 2007
Employers may need to pay tax on money recovered from employee superannuation schemes
CG 5: Recoveries or receipts by employers from superannuation schemes
Income Tax Act 2007
Hardship withdrawals from retirement savings are no longer covered by this section
CS 3: Exclusion of withdrawal on grounds of hardship
Income Tax Act 2007
Withdrawals from retirement funds for relationship property division are no longer covered by this rule
CS 4: Exclusion of withdrawal to settle division of relationship property
Income Tax Act 2007
Withdrawn: Rules about pension payments no longer apply
CS 5: Exclusion of withdrawal paid as annuity or pension
Income Tax Act 2007
This rule about withdrawing money when partly retiring no longer exists
CS 6: Exclusion of withdrawal on partial retirement
Income Tax Act 2007
This section about withdrawing retirement savings when leaving a job was removed from the law
CS 7: Exclusion of withdrawal when member ends employment
Income Tax Act 2007
Old rule about taking money from savings when leaving a job no longer applies
CS 8: Exclusion of withdrawal when member ends employment: lock-in rule
Income Tax Act 2007
This rule about leaving your job and getting money from a special savings account no longer applies
CS 9: Exclusion of withdrawal from defined benefit fund when member ends employment
Income Tax Act 2007
This provision about moving money between superannuation funds is no longer in effect
CS 11: Transfer by superannuation fund to another superannuation fund
Income Tax Act 2007
Removed rule about moving money between retirement savings plans
CS 12: Transfer from superannuation scheme to superannuation fund
Income Tax Act 2007
This provision about superannuation funds investing in other super funds is no longer active
CS 13: Investment by superannuation fund in another superannuation fund
Income Tax Act 2007
This provision about superannuation funds changing to schemes was removed in 2011
CS 14: Superannuation fund becomes superannuation scheme
Income Tax Act 2007
Rule about superannuation funds becoming foreign schemes no longer applies
CS 15: Superannuation fund becomes foreign superannuation scheme
Income Tax Act 2007
This provision about superannuation schemes changing to funds has been removed
CS 16: Superannuation scheme becomes superannuation fund
Income Tax Act 2007
This section about superannuation fund wind-ups has been removed from the law
CS 17: Superannuation fund wound up
Income Tax Act 2007
Tax-free regular payments from certain life insurance policies
CW 4: Annuities under life insurance policies
Income Tax Act 2007
Tax-free transfer between certain Australian super schemes in the same year
CW 29: Reinvested amounts from foreign superannuation schemes in Australia
Income Tax Act 2007
KiwiSaver interest from the government is tax-free
CW 62: Interest paid under the KiwiSaver Act 2006
Income Tax Act 2007
Employer payments to your superannuation scheme
CX 13: Contributions to superannuation schemes
Income Tax Act 2007
Tax-free services for super funds if they could've claimed a deduction
CX 32: Services provided to superannuation fund
Income Tax Act 2007
Tax exemption for super funds receiving money from NZ life insurance policies
CX 40: Superannuation fund deriving amount from life insurance policy
Income Tax Act 2007
Employer contributions to your super fund are tax-free income
CX 49: Employer’s superannuation contributions
Income Tax Act 2007
KiwiSaver and superannuation fund tax credits are not taxable income
CX 50: Tax credits for KiwiSaver and complying superannuation funds
Income Tax Act 2007
Income from certain PIE investments that may be tax-free
CX 56: Attributed income of certain investors in multi-rate PIEs
Income Tax Act 2007
How units and interests in certain investments were treated from 1 April 1996
CZ 13: Treatment of units and interests in unit trusts and group investment funds on issue as at 1 April 1996
Income Tax Act 2007
How superannuation funds' investments in group investment funds are taxed from 1 April 1999
CZ 14: Treatment of superannuation fund interests in group investment funds on 1 April 1999
Income Tax Act 2007
Rules for superannuation fund loans to members made before April 1989
CZ 21: Superannuation fund loans made to members before 1 April 1989
Income Tax Act 2007
You can't claim tax deductions for fees paid to multi-rate PIE investment funds
DB 54: No deductions for fees relating to interests in multi-rate PIEs
Income Tax Act 2007
Employers can deduct payments made to staff retirement savings plans
DC 7: Contributions to employees’ superannuation schemes
Income Tax Act 2007
When you lose money from a foreign investment, like a company or superannuation scheme, overseas.
DN 6: When FIF loss arises
Income Tax Act 2007
Advertising costs allowed for superannuation funds
DV 1: Publicising superannuation funds
Income Tax Act 2007
Shifting certain fund costs to a larger investment fund
DV 2: Transfer of expenditure to master fund
Income Tax Act 2007
How to handle excess expenses from your master superannuation fund
DV 4: Carry forward of expenditure
Income Tax Act 2007
Allowing leftover superannuation fund expenses to be used in future years
DV 7: Carry forward of expenditure
Income Tax Act 2007
Earning interest on deposits in a main income equalisation account
EH 6: Interest on deposits in main income equalisation account
Income Tax Act 2007
Refund on retirement: choose to count earlier deposits as income in the year you made them
EH 18: Income when refund given on retirement, and election to allocate amount to earlier year
Income Tax Act 2007
Money in your income equalisation account goes to your estate when you die
EH 19: Refund on death
Income Tax Act 2007
This rule about getting a refund when you retire no longer exists
EH 47: Refund on retirement
Income Tax Act 2007
Law about retirement refunds and applying them to earlier years has been removed
EH 48: Income when refund given on retirement, and election to allocate amount to earlier year
Income Tax Act 2007
Interest earned on a special forestry savings account
EH 66: Interest on deposits in thinning operations income equalisation account
Income Tax Act 2007
Tax deductions for employer contributions to employees' superannuation schemes
EJ 21: Contributions to employees’ superannuation schemes
Income Tax Act 2007
Refunds for overpayments or incomplete information when contributing to a special fund
EK 9: Refund of payment if excess, lacking details
Income Tax Act 2007
Australian super savings may be exempt from NZ tax
EX 33: Exemption for Australian regulated superannuation savings
Income Tax Act 2007
This section about exemptions for new residents' overseas retirement savings has been removed
EX 42: New resident’s accrued superannuation entitlement exemption
Income Tax Act 2007
Tax exemption for certain overseas pensions or annuities
EX 43: Non-resident’s pension or annuity exemption
Income Tax Act 2007
How to determine the value of life insurance and superannuation benefits for foreign investments
EX 70: Market value of life policy and superannuation entitlements
Income Tax Act 2007
What counts as a claim for life insurance payments
EY 7: Meaning of claim
Income Tax Act 2007
Explanation of what counts as life insurance for tax purposes
EY 8: Meaning of life insurance
Income Tax Act 2007
Rules for superannuation schemes that offer life insurance-like benefits
EY 11: Superannuation schemes providing life insurance
Income Tax Act 2007
Former employee pensions: how they're treated when shared after a relationship split
FB 11: Pension payments to former employees
Income Tax Act 2007
Former business partners' pensions may be paid to others after separation
FB 12: Pension payments to former partners
Income Tax Act 2007
Tax on NZ government pensions and unregistered super schemes for non-residents
HD 28: Government pensions and payments under superannuation schemes
Income Tax Act 2007
Special tax treatment for the Government Superannuation Fund Authority
HR 4: Government Superannuation Fund
Income Tax Act 2007
Tax credits for retirement scheme contributions
LB 6: Tax credits for RSCT
Income Tax Act 2007
Investors in certain funds can receive tax credits to offset their income tax
LS 2: Tax credits for investors in multi-rate PIEs
Income Tax Act 2007
Tax credits available for zero-rated investors with multi-rate PIE income
LS 3: Tax credits for zero-rated investors
Income Tax Act 2007
Tax credits for investors leaving certain investment funds
LS 4: Tax credits for certain exiting investors
Income Tax Act 2007
Special home ownership savings accounts are no longer recognised
LZ 9: Savings in special home ownership accounts
Income Tax Act 2007
Yearly limit for special home ownership savings (no longer applies)
LZ 10: Maximum amount for 1 special home ownership account for 1 tax year
Income Tax Act 2007
This rule about savings limits for special home accounts no longer applies
LZ 11: Maximum amount for all special home ownership accounts for all tax years
Income Tax Act 2007
This part explains the tax credits available to individuals
MA 1: What this Part does
Income Tax Act 2007
How tax applies to money you get from your work's super scheme while still employed
MB 5: Treatment of distributions from superannuation schemes
Income Tax Act 2007
When you might not qualify for tax credits due to other benefits
MC 6: When person does not qualify
Income Tax Act 2007
How your parental tax credit is calculated
MD 12: Calculation of parental tax credit
Income Tax Act 2007
When you can't get tax credit payments in instalments
MF 2: When person not entitled to payment by instalment
Income Tax Act 2007
Tax credits for KiwiSaver and superannuation fund contributions
MK 1: Tax credits for superannuation contributions
Income Tax Act 2007
Requirements to get tax credits paid in cash for KiwiSaver or superannuation schemes
MK 2: Eligibility requirements
Income Tax Act 2007
How the government pays tax credits to your KiwiSaver or superannuation fund
MK 3: Payment of tax credits
Income Tax Act 2007
Government tax credits for KiwiSaver and complying fund members
MK 5: Crown contributions for members
Income Tax Act 2007
Fund providers immediately add your tax credit to your KiwiSaver or superannuation investments
MK 6: Credit given by fund providers
Income Tax Act 2007
What happens to KiwiSaver tax credits when you leave New Zealand permanently
MK 8: Treatment of tax credits on permanent emigration
Income Tax Act 2007
How to calculate credits for redeemed units in certain trusts and funds
OZ 5: ASCA lost excess available subscribed capital
Income Tax Act 2007
How employer contributions to your superannuation scheme are valued
RD 37: Contributions to superannuation schemes
Income Tax Act 2007
Employer payments for employee benefits and insurance
RD 38: Contributions to funds, trusts, and insurance premiums
Income Tax Act 2007
Rules for taxing employer payments to employee retirement savings
RD 64: ESCT rules and their application
Income Tax Act 2007
Employer payments to employee retirement savings
RD 65: Employer's superannuation cash contributions
Income Tax Act 2007
How to work out tax on employer superannuation payments
RD 67: Calculating amounts of tax for employer’s superannuation cash contributions
Income Tax Act 2007
You can choose to have your employer's superannuation contributions treated as salary
RD 68: Choosing to have amount treated as salary or wages
Income Tax Act 2007
Selecting different rates for employer super contributions (no longer applies)
RD 69: Choosing different rates for employer's superannuation cash contributions
Income Tax Act 2007
Tax rules for superannuation fund payments and contributions
RD 71: Amounts of tax treated as paid to and received by superannuation funds
Income Tax Act 2007
Laws changed by the Income Tax Act 2007
Schedule 49: Enactments amended
Income Tax Act 2007
Rules for tax on money saved for retirement
CX 50B: Contributions to retirement savings schemes
Income Tax Act 2007
KiwiSaver and superannuation withdrawals: old rules no longer apply
CS 10B: Exclusion of permitted withdrawals from KiwiSaver schemes and complying superannuation funds
Income Tax Act 2007
Rules for deducting and paying tax on retirement savings contributions
RA 6B: Withholding and payment obligations for retirement scheme contributions
Income Tax Act 2007
How other tax rules apply to retirement scheme contributions
RA 24: Application of other provisions for purposes of RSCT rules
Income Tax Act 2007
How retirement savings payments affect your eligibility for government support
MB 6: Treatment of distributions from retirement savings schemes
Income Tax Act 2007
How retirement savings contribution tax (RSCT) rules work and when they apply
RH 1: RSCT rules and their application
Income Tax Act 2007
Money added to your retirement savings scheme by someone else
RH 2: Retirement scheme contributions
Income Tax Act 2007
Rules for accessing money in retirement savings schemes
RH 3: Retirement savings schemes
Income Tax Act 2007
Who can contribute to your retirement scheme
RH 4: Retirement scheme contributors
Income Tax Act 2007
How to work out the tax on your retirement scheme contribution
RH 5: Calculating amounts of tax for retirement scheme contribution
Income Tax Act 2007
How to calculate tax owed when retirement scheme contributions are undertaxed
RH 6: Calculating amounts of tax on failure to withhold
Income Tax Act 2007
Tax credit for retirement scheme contributors who add imputation credits to contributions
LE 7B: Credit of RSCT for imputation credit
Electricity Industry Act 2010
Protection of retirement money for former Electricity Commission workers
138: Government Superannuation Fund
Corrections Act 2004
Staff who contribute to the Government Superannuation Fund can keep doing so if they work in a contract prison
199K: Transferring staff who are contributors to Government Superannuation Fund
Financial Markets Authority Act 2011
Rules for FMA workers using the Government Superannuation Fund
21: Provisions relating to Government Superannuation Fund
Financial Markets Authority Act 2011
What happens when the Government Actuary's office closes
78: Consequences of disestablishment
Financial Markets Authority Act 2011
Government Actuary's office keeps working on pension fund tasks until end of September 2011
80: Office of Government Actuary continues for limited purpose until 30 September 2011
Crown Entities Act 2004
Your superannuation rights stay the same under the Government Superannuation Fund Act 1956.
191: Existing rights under Government Superannuation Fund Act 1956 unaffected
Building Societies Act 1965
This law's name and when it started
1: Short Title and commencement
Building Societies Act 1965
People and Rules for Groups that Help You Save Money for a Home
Building Societies Act 1965
Rules for special shares that could win you prizes in a building society
31A: Bonus balloting shares and bonus ballots
Building Societies Act 1965
Special savings accounts for homes and farms at approved building societies
56D: Home ownership accounts and farm ownership accounts
Building Societies Act 1965
Who gets told about society meetings and how
78: Persons entitled to notice of meetings
Building Societies Act 1965
Rules for protecting certain shareholders when a building society becomes a company
113I: Preservation of rights of terminating shareholders
Building Societies Act 1965
Companies can still accept special home and farm savings after changing from a building society
113O: Retention of approved status for accepting deposits in home ownership or farm ownership accounts
Financial Markets Conduct Act 2013
What 'financial benefit' and 'managed investment scheme' mean in simple terms
9: Definitions of financial benefit and of managed investment scheme
Financial Markets Conduct Act 2013
Extra rules for KiwiSaver schemes to follow when registering and operating in New Zealand
128: Additional initial and ongoing registration requirements for KiwiSaver schemes
Financial Markets Conduct Act 2013
Extra rules for registering a superannuation scheme to help people save for retirement
129: Additional initial and ongoing registration requirements for superannuation schemes
Financial Markets Conduct Act 2013
Extra rules for some types of savings schemes, like KiwiSaver, to stay registered
131: Additional ongoing registration requirements for restricted schemes
Financial Markets Conduct Act 2013
What a registered scheme's governing document must include
135: Contents of governing document for registered scheme
Financial Markets Conduct Act 2013
How to make changes to an important document that guides a financial scheme
139: Changes to governing document
Financial Markets Conduct Act 2013
Changing the rules of a registered scheme with FMA or court approval
140: Power to make FMA and court-approved changes to governing documents
Financial Markets Conduct Act 2013
Managers must give supervisors the information they ask for to help them do their job.
148: Duty of manager to provide requested information and reports to supervisor
Financial Markets Conduct Act 2013
Supervisors of schemes must act honestly, carefully, and in the best interests of scheme members.
153: General duties applying in exercise of supervisor's functions
Financial Markets Conduct Act 2013
Someone independent must safely look after the property of a registered scheme
156: Requirement to have supervisor or other independent person as custodian
Financial Markets Conduct Act 2013
How to call a meeting with other investors in a scheme
161: Meetings of scheme participants
Financial Markets Conduct Act 2013
Rules to protect your savings in KiwiSaver and other schemes from being unfairly given back to someone who doesn't belong to the scheme.
171: Limits on reversion of scheme property in certain schemes to non-scheme participant contributor
Financial Markets Conduct Act 2013
No favours: scheme managers can't do deals that unfairly benefit friends or family.
173: General prohibition on transactions giving related party benefits
Financial Markets Conduct Act 2013
Rules for moving money between KiwiSaver and other savings schemes
Financial Markets Conduct Act 2013
Rules for switching KiwiSaver schemes
178: Application of scheme participant transfer rules
Financial Markets Conduct Act 2013
Transferring your savings to a different scheme must follow these rules to keep you safe
179: Methods of transfer of scheme participants to another scheme or another section of scheme
Financial Markets Conduct Act 2013
Moving lots of people to a new savings scheme: what you need to know
180: Transfer of substantial numbers of scheme participants with scheme participant consent
Financial Markets Conduct Act 2013
Transferring your savings to a new scheme with the Financial Markets Authority's approval
181: Transfer with FMA consent
Financial Markets Conduct Act 2013
What happens when you switch KiwiSaver schemes and what information gets shared
182: Transfers from KiwiSaver scheme
Financial Markets Conduct Act 2013
Rules about benefits that people get later from superannuation and workplace savings schemes
Financial Markets Conduct Act 2013
Delaying your retirement money when you keep working past the expected retirement age
183: Deferred benefits
Financial Markets Conduct Act 2013
When a manager of a scheme is removed or stops being in charge
185: Removal of manager of registered scheme
Financial Markets Conduct Act 2013
Registrar must remove a scheme from the list when its registration is cancelled
196: Registrar must remove scheme from register on cancellation of registration
Financial Markets Conduct Act 2013
What to do first when closing a registered investment scheme
212: Initial steps in winding up of registered scheme
Financial Markets Conduct Act 2013
What kinds of money products this law applies to
371: Financial products to which this subpart applies
Financial Markets Conduct Act 2013
When you get important investment information and how you receive it
424: Timing and method of disclosure
Financial Markets Conduct Act 2013
Getting permission to manage your investments
437: Requirement for agreed investment authority
Financial Markets Conduct Act 2013
Rules for managing financial products, like superannuation schemes, in New Zealand
544: Regulations for purposes of Part 4 (governance of financial products)
Financial Markets Conduct Act 2013
Rules for retirement savings plans that help one person
Schedule 3: Schedule 3 schemes
Financial Markets Conduct Act 2013
Extra rules for registering a workplace savings scheme to help people save for retirement
130: Additional initial and ongoing registration requirements for workplace savings schemes
Ombudsmen Act 1975
Money for Ombudsmen and staff when they retire
12: Superannuation or retiring allowances of Ombudsmen and staff
Social Security Act 2018
A Guide to Understanding the Social Security Act: What it's About and How it Works
5: Guide to this Act
Social Security Act 2018
The Minister can give the Ministry of Social Development instructions they must follow.
7: Minister may give MSD binding directions
Social Security Act 2018
The government must follow the Social Security Act 2018 just like everyone else
12: Act binds the Crown
Social Security Act 2018
Who can get government help based on where they live
16: Residential requirement
Social Security Act 2018
You can only get one main benefit or pension at a time
18: General limitation on receiving more than 1 benefit
Social Security Act 2018
No benefit for people living in New Zealand illegally or on temporary visas
19: General limitation on receiving benefit: persons unlawfully resident or present in New Zealand and persons holding temporary entry class visa
Social Security Act 2018
When a dependent child can be considered yours when you apply for help.
31: When dependent child may be regarded as applicant’s child
Social Security Act 2018
Helping people with health problems try working while keeping their support payment
39: Supported living payment: on ground of restricted work capacity: encouraging open employment
Social Security Act 2018
When you're ready to start studying or training full-time
50: When person is study ready
Social Security Act 2018
Special rules for couples sharing a home with others when getting housing cost help
68: Accommodation supplement: special rules for joint tenants who are in relationship
Social Security Act 2018
Allowance for children with serious disabilities who live at home or in special care
78: Child disability allowance: discretionary grant
Social Security Act 2018
How the government pays money to help with a child who has a disability
82: Child disability allowance: payment
Social Security Act 2018
Expenses not covered by disability allowance for people in care homes
86: Disability allowance: excluded expenses
Social Security Act 2018
MSD helps you with overseas pensions
108: MSD must assist in relation to obtaining overseas pension, etc
Social Security Act 2018
Work preparation tasks for some people getting supported living payments
123: Persons subject to work-preparation obligations if sufficient capacity to comply
Social Security Act 2018
You might lose some benefits if you don't follow the work rules
153: Person who fails to comply with work-test obligations is subject to sanction
Social Security Act 2018
What special words mean in the Social Security Act 2018
172: Interpretation
Social Security Act 2018
You must try to get any overseas pensions you or your family might be able to get when asking for NZ benefits
173: Applicant for benefit, etc, to take reasonable steps to obtain overseas pension
Social Security Act 2018
MSD can tell you to try to get a pension from another country
174: MSD may give notice requiring person to take reasonable steps to obtain overseas pension
Social Security Act 2018
MSD can ask you about your overseas pensions to check your benefit amount
178: MSD may give notice requiring beneficiary to provide information as to rate of overseas pension
Social Security Act 2018
What happens if you don't reply to MSD about your overseas pension
179: Failure to comply with MSD’s notice given under section 178
Social Security Act 2018
What 'rate' means when talking about overseas pensions
180: Meaning of rate
Social Security Act 2018
Explaining what words mean in benefit and overseas pension rules
187: Interpretation
Social Security Act 2018
How overseas pensions can change your New Zealand benefits
188: Persons affected by receipt of overseas pension
Social Security Act 2018
Your NZ benefit might be less if you get money from another country
189: Benefit of person affected is reduced by amount of overseas pension
Social Security Act 2018
MSD can make a deal with you if you get a pension from another country
190: MSD may enter into arrangement with person affected by receipt of overseas pension
Social Security Act 2018
You might not get your benefit if the police are looking for you
209: Benefit not payable to person who is subject to warrant of arrest
Social Security Act 2018
What happens to certain benefits when the person receiving them dies
326: After death of beneficiary receiving specified benefit
Social Security Act 2018
Getting some of your benefit money early from the government
347: Advance payment of instalments of benefit
Social Security Act 2018
Rules for making social security agreements with other countries
380: Orders adopting reciprocity agreements
Social Security Act 2018
Countries can agree to help each other with social security
383: Inclusion of mutual assistance provisions in reciprocity agreements
Social Security Act 2018
Rules for getting help with housing costs
423: Regulations: accommodation supplement
Social Security Act 2018
Why the government gives extra money for heating in winter
70: Winter energy payment: purpose
Social Security Act 2018
Explaining important words for winter energy help
71: Winter energy payment: interpretation
Social Security Act 2018
Special rule lets you get winter energy payment while away from NZ for up to 28 days
220: Special absence rule: winter energy payment
Social Security Act 2018
Understanding special rules that protect your partner's benefits when you're in residential care
17A: Guide to specified abatement exemptions
Trusts Act 2019
A trustee can adjust how trust property is shared among beneficiaries in certain investments.
78: Trustee’s power to adjust interests in trust property of portfolio investment entity
Trusts Act 2019
Changes to the law about retirement villages
183: Amendment to Retirement Villages Act 2003
Accident Compensation Act 2001
Things not counted as your earnings when you're an employee
11: Earnings as an employee: what it does not include
Accident Compensation Act 2001
Money for families when someone died from an injury before April 2002
382: Survivor's grant to surviving spouses or partners, children, and other dependants for death before 1 April 2002
Public Service Act 2020
Rules about getting and keeping a government job
Schedule 8: Employment provisions
Privacy Act 2020
Rules for retirement plans and superannuation for the Commissioner and Deputy Commissioner
16: Superannuation or retiring allowances
Residential Care and Disability Support Services Act 2018
This law helps older people know when they must pay for their own care and how much it will cost.
3: Purpose of this Act
Residential Care and Disability Support Services Act 2018
What special words in this law mean, so you can understand it better.
5: Interpretation
Residential Care and Disability Support Services Act 2018
The government must follow this law too
8: Act binds the Crown
Residential Care and Disability Support Services Act 2018
What 'LTR contracted care' means and the important words used to describe it
11: Key terms used in definition of LTR contracted care
Residential Care and Disability Support Services Act 2018
Who can get help as a qualifying person for care services?
12: Who is qualifying person
Residential Care and Disability Support Services Act 2018
If you have lots of assets, you pay the most you can towards your care.
16: Rule 2: qualifying person whose assets are above asset threshold must contribute maximum contribution
Residential Care and Disability Support Services Act 2018
If you don't have many assets, you pay for care based on how much money you earn.
17: Rule 3: qualifying person whose assets are equal to or below asset threshold must pay contribution based on income
Residential Care and Disability Support Services Act 2018
Paying for care when your finances haven't been checked yet
19: Liability of person who has not been means assessed
Residential Care and Disability Support Services Act 2018
Single people over 50 pay for care based on their income, not what they own.
22: 50+ single person liable to make income contribution only
Residential Care and Disability Support Services Act 2018
How your money and belongings are checked for care and support
31: Types of means assessment
Residential Care and Disability Support Services Act 2018
Checking what you own to work out how much you have for care and support
34: Assets assessment
Residential Care and Disability Support Services Act 2018
What you own and its value for your assets assessment
35: Content of assets assessment
Residential Care and Disability Support Services Act 2018
Checking how much money you have is the second step.
Residential Care and Disability Support Services Act 2018
When you need to have your income checked because you don't have many assets.
36: When income assessment required
Residential Care and Disability Support Services Act 2018
Things that affect how much money you have, like giving away income or property.
Residential Care and Disability Support Services Act 2018
If you give away money or property on purpose, it still counts when the government works out how much you have.
39: Deprivation of income or property: means assessment as if deprivation had not occurred
Residential Care and Disability Support Services Act 2018
What happens if you get rid of money or property on purpose when your income is being checked
40: Deprivation of income or property: inclusion in review of means assessment
Residential Care and Disability Support Services Act 2018
You get a notice about how your money affects your care costs after a means assessment.
42: Notice of means assessment
Residential Care and Disability Support Services Act 2018
How the government decides if you're in a de facto relationship for money assessments
46: Relationship status for purpose of means assessment: determination that person is in de facto relationship
Residential Care and Disability Support Services Act 2018
MSD checks your money again if you ask or if they think they made a mistake
47: Review by MSD
Residential Care and Disability Support Services Act 2018
Check if you can get more help if your assets drop below a certain amount
48: Review if assets subsequently fall below applicable asset threshold
Residential Care and Disability Support Services Act 2018
Check if you still get help if you don't have many assets
49: Review if assets below applicable asset threshold
Residential Care and Disability Support Services Act 2018
The Ministry doesn't have to re-check your means assessment just because the rules change.
50: Review under section 48 or 49 not obligatory
Residential Care and Disability Support Services Act 2018
What happens when your care support is reviewed under certain rules
51: Scope and date of review under section 47, 48, or 49
Residential Care and Disability Support Services Act 2018
When the government helps pay for your care costs
56: When funder’s liability arises for cost of LTR contracted care of qualifying person
Residential Care and Disability Support Services Act 2018
What 'cash assets and income' means for people getting home-based disability support services
61: Cash assets and income
Residential Care and Disability Support Services Act 2018
Assets you own but haven't used or sold can be counted as money when you get home-based disability support.
62: Unrealised assets available for personal use
Residential Care and Disability Support Services Act 2018
Some numbers in this law go up each year to match price increases in New Zealand.
75: Annual adjustments for increase in Consumers Price Index
Residential Care and Disability Support Services Act 2018
How much of your asset income is exempt from fees each year
76: Annual published notice of amount of income-from-assets exemption
Residential Care and Disability Support Services Act 2018
Rules to help change from old laws to the new Residential Care and Disability Support Services Act 2018
Schedule 1: Transitional, savings, and related provisions for residential care and disability support services
Residential Care and Disability Support Services Act 2018
How your money and assets are assessed when you need long-term care
Schedule 2: Means assessment for long-term residential care
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