Even if we leave NZ for good, we get to keep all of the money in the KiwiSaver (including the gov't kickstart and tax credits), as long as we wait until we're 65. If you pull the money out before then, the gov't takes the tax credits back, but you would get to keep any returns made on the tax credits.
Other important information:
- You can continue to make contributions to your Kiwisaver while you are overseas (but you won't get the employer match or the annual tax credit).
- You would have to wait one year after moving somewhere else permanently before you could take the $$ out. The book says that you have to prove that you plan to live elsewhere permanently before they will give you the $$.
Have a question about Kiwisaver? I can look it up in my book and get back to you*.
Next up: Taxes as they affect the Kiwisaver
(*Disclaimer: I AM NOT A FINANCIAL PROFESSIONAL; USE INFORMATION ON THIS BLOG TO MAKE DECISIONS AT YOUR OWN RISK.)
Information in this post taken from "The Complete KiwiSaver" by Mary Holm, published 2009.
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