The New Zealand three-pillar pension system comprises of the New Zealand Superannuation, a non-contributory state pension in the first pillar, and occupational superannuation schemes and the KiwiSaver scheme in the second pillar. New Zealand Superannuation is a fortnightly payment for people aged 65 and over. The New Zealand superannuation system is also more straightforward when it comes to taxation and administration.

Free money? The New Zealand superannuation system is also more straightforward when it comes to taxation and administration. Nevertheless, many people aim to retire when they are 65 years old. Finally, the New Zealand retirement system offers more freedom. If you’ve lived in New Zealand for less than 45 years between the ages of 20 and 65 you’ll be paid a proportionate amount. If you’ve lived in New Zealand continuously between the ages of 20 and 65 you’ll receive 100% of your New Zealand Superannuation or Veteran’s Pension entitlement. Sixtyfive is the age when most superannuation plans, including Government-funded New Zealand Superannuation (NZ Super), begin to pay out your savings. Private pension savings in the third pension pillar complement the pension landscape. The New Zealand government hands out a one-time, $1,000, tax-free government contribution designed to encourage the reluctant to sign up initially. Finally, the New Zealand retirement system offers more freedom. New Zealand Superannuation is a fortnightly payment for people aged 65 and over. Applying for NZ Super/Veteran’s Pension from the Cook Islands, Niue or Tokelau New Zealand does not actually have an official retirement age. New Zealand Superannuation overview If you normally live in the Cook Islands, Niue or Tokelau, and that's where your home is, you may be able to get NZ Super while living there. And here’s the cherry on top.