Retirement
The Retirement age in New Zealand is currently 65, at which stage all qualifying people are then entitled to National Superannuation.
Residential qualification for New Zealand superannuation
No person is entitled to New Zealand superannuation unless the person—
(a) is ordinarily resident in New Zealand on the date of application for New Zealand superannuation; and
(b) has been both resident and present in New Zealand for a period or periods aggregating not less than 10 years since attaining the age of 20 years; and
(c) has also been both resident and present in New Zealand for a period or periods aggregating not less than 5 years since attaining the age of 50 years
As with many developed nations New Zealand has a growing population ‘bubble’ of citizens and residents who will be entitled to superannuation over the next two decades.
The government initiated saving scheme Kiwisaver provides all participating New Zealanders with the opportunity to add to their government superannuation by starting early to save for their retirement.
The Office of the Retirement Commission
http://www.retirement.org.nz/
The Sorted website
http://www.sorted.org.nz/home/sorted-sections/retirement
