Topic

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Withdrawn: Rules about pension payments no longer apply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This provision about moving money between superannuation funds is no longer in effect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This provision about superannuation funds investing in other super funds is no longer active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

Trusts that follow strict income and tax rules

HC 10: Complying trusts

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

How to calculate your KiwiSaver tax credit

MK 4: Amount of tax credit

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

This table shows money taken out of some accounts.

Income Tax Act 2007

Basic rules to get started

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

Keeping track of building groups and their important papers

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

Main ideas for helping people with jobs and money

4: Principles

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

How much money you can get from the government

17: Rates

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

Help with following rules about pensions from other countries

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

Rules about what to do if you get a pension from another country

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

Things that affect how much money veterans get from benefits

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

About this project

What is this project?

This project is an experiment to take difficult language, and make it easier to read and understand for everyone.

How do we do this?

What's our process for taking the law and turning it into plain language?

Why is the law written like it is?

Laws are often hard to read. They use a lot of words and language we don't usually use when we talk.

Should we use AI for this?

What are the good and bad sides of using AI?

Is this information the actual law?

We hope that this information will help people understand New Zealand laws. But we think that it's important you talk to someone who understands the law well if you have questions or are worried about something.

You can talk to Community Law or Citizen's Advice Bureau about your rights.

Remember that AI can make mistakes, and just reading the law isn't enough to understand how it could be used in court.