Jump to content


Photo

To qualify for NZ superannuation should overseas visitors, immigrants refugees qualify for it after 10 years as at present living in NZ or 25 years.


  • Please log in to reply
52 replies to this topic

Poll: 10 years or 25 years living, working in NZ to qualify for the free NZ superannuation at age 65. (13 member(s) have cast votes)

10 years or 25 years IMMIGRANTS REFUGEES living, working in NZ to qualify for the free NZ superannuation at age 65.

  1. 10 years NO. (0 votes [0.00%])

    Percentage of vote: 0.00%

  2. 10 years yes (4 votes [30.77%] - View)

    Percentage of vote: 30.77%

  3. 25 years Yes (6 votes [46.15%] - View)

    Percentage of vote: 46.15%

  4. 25 years No. (1 votes [7.69%] - View)

    Percentage of vote: 7.69%

  5. 30 years Yes (2 votes [15.38%] - View)

    Percentage of vote: 15.38%

  6. 30 years No. (0 votes [0.00%])

    Percentage of vote: 0.00%

  7. Do not care. (0 votes [0.00%])

    Percentage of vote: 0.00%

  8. Do not know (0 votes [0.00%])

    Percentage of vote: 0.00%

Do you agree that the NZ superannuation at 65 should be tax free knowning that the gov't workers scheme, the police force, the MP'S, the judges, the judiciary, Gov't workers schemes are all tax free.

  1. Yes (6 votes [46.15%] - View)

    Percentage of vote: 46.15%

  2. No. (5 votes [38.46%] - View)

    Percentage of vote: 38.46%

  3. Do not care. (2 votes [15.38%] - View)

    Percentage of vote: 15.38%

Do you think that overseas immigrants, overseas visitors, overseas working holiday visitors after only 12 months, even they do not have NZ citizenship can vote in our NZ political parliamentary general election as at present they can do. Aussie IS NO

  1. No (6 votes [46.15%] - View)

    Percentage of vote: 46.15%

  2. Yes (0 votes [0.00%])

    Percentage of vote: 0.00%

  3. Do not care. (0 votes [0.00%])

    Percentage of vote: 0.00%

  4. Do not know (0 votes [0.00%])

    Percentage of vote: 0.00%

  5. Hell NO ! (7 votes [53.85%] - View)

    Percentage of vote: 53.85%

Vote Guests cannot vote

#21 DanInEurope

DanInEurope

    Advanced Member

  • Advanced Members
  • PipPipPip
  • 1,373 posts

Posted 24 May 2019 - 08:09 PM

Also, a NZ registered ship is NZ territory, you haven't left.


I know that you mean this in the specific context of the super rules... but flagged vessels are not sovereign territory of the flag state. Common misconception that one.
  • 0

#22 Rehabilitated

Rehabilitated

    Rehabilitated

  • Advanced Members
  • PipPipPip
  • 633 posts
  • Locationon the waters and else where

Posted 25 May 2019 - 11:09 AM

It means a NZ registered ship. So the vessel needs to be registered under part A or B of the Act. 

This exact issue is discussed in the Bill that I linked to earlier, and was passed into law in the Act amendment, also linked above. That some case mangers don't seem to know about the amendment is not surprising, but they are wrong. You ARE entitled to your super while travelling, and no longer do you have to come back before 26 weeks etc.

Talk to the overseas specialists, or get a lawyer involved if you have to. Front counter staff are likely no good.

Here are the contact details;

https://www.workandi...l-services.html

 

Thanks for that and my posts were not intended to offend you but to offer possible explanations.

 

The clause that states couples are each entitled to the couples rate paid to each separately after 10 years is all the more reason why the qualifying period should be extended to 25 years or even 30 years. New Caledonia, Vanuatu and some other pacific islands qualify for the couple rate paid to both separately after being in nz for 10 years putting a huge strain on our superannuation scheme, which penalises the ordinary NZder. The clause referring to superannuation that they have paid into from their own wages / salaries is not deducted from NZ superannuation payments is a huge advantage and not regarded as income earnings. In Samoa and the cook islands they have their own superannuation scheme which is superior to NZ's scheme as it has life insurance cover guaranteeing an amount for your estate should they not make it to 60 or 55, 55 could be 50 for Samoa retiring age and an amount after retiring age to compensate should they hand their knives and forks in early retirement, Not the full amount but an amount that is reasonable, which the  NZ scheme does not have. You can see why 45 to 50 age groups in that classification are coming to NZ for 10 years to claim NZ super the return to their home lands islands at age 60 and able to claim both. Some couples claiming the dole whilst qualifying for the 10 year qualifying period. What checks are in place if so, that income support can have and have  access to their homeland payments, which if they are astute would have them paid into their island bank accounts and not drawn on whilst in NZ. So NZ  Super at age 60 for them and 65 for NZders. Is that fair HELL NO. Why not go the whole hog and pay them extra also as they have suffered hardship in all probability living in the Islands until age 49 or 50 years as NZ is becoming so socialistic and considers paying any human being of all ethnic groups that are disadvantaged or suffered hardship life styles with tax payers gifts :mad:  :roll:  :razz: .  

 

What do you reckon about that philstar, tuffyluffy, ex Elly.

 

Single retirees should have a mix and mingle gatherings to meet possible to seek mutually agreed living / sharing arrangements for accommodation / residence to help beat the high costs of rents. Separate bed rooms off course and two TV lounges so both can get the couples rate paid separately instead of the singles rate. :thumbup: 


  • 0

©  2013 2014 2015

ADVANCING MULTIHULL SAILOR ORGANIZER NAVIGATOR.

OCEAN COMBINED CRUISER / RACER ADVANCING MEMBER.


#23 Rehabilitated

Rehabilitated

    Rehabilitated

  • Advanced Members
  • PipPipPip
  • 633 posts
  • Locationon the waters and else where

Posted 25 May 2019 - 11:23 AM

I've got 2 more years to decide whether it's worth it

 

Did you see the  clause on allowances for home mortgage's and the definition of a home includes boats. See KM...MB about forming a finance company with your wife if you have one with the proceeds from house and boat going to the finance company and the finance company giving you a mortgage to buy your boat you plan to sail overseas. You will be able to claim the mortgage rates as a home expense in addition to anti fouling, insurance and some other home / boat expenses within the superannuation provisions. You might be able to buy a half a dozen houses in remote Island areas or build and rent them when you are not in the area for specific times. Pick a reasonable island with views and some infrastructure / amenities. Think that's a crazy idea. Watch HGTV. COM  CH 17 - Island hunters - international island hunters and see the rents they are prepared to pay.. :thumbup:  :idea:  :razz:  


  • 0

©  2013 2014 2015

ADVANCING MULTIHULL SAILOR ORGANIZER NAVIGATOR.

OCEAN COMBINED CRUISER / RACER ADVANCING MEMBER.


#24 Rehabilitated

Rehabilitated

    Rehabilitated

  • Advanced Members
  • PipPipPip
  • 633 posts
  • Locationon the waters and else where

Posted 25 May 2019 - 11:37 AM

I know that you mean this in the specific context of the super rules... but flagged vessels are not sovereign territory of the flag state. Common misconception that one.

 Don't you accept that the NZ law and specific mention within the ACT, the emphasis on the word act and ships, comes within the meaning NZ sovereign state territory. 


  • 0

©  2013 2014 2015

ADVANCING MULTIHULL SAILOR ORGANIZER NAVIGATOR.

OCEAN COMBINED CRUISER / RACER ADVANCING MEMBER.


#25 Knot Me... maybe

Knot Me... maybe

    Advanced Member

  • Advanced Members
  • PipPipPip
  • 6,005 posts

Posted 25 May 2019 - 12:31 PM

Did you see the  clause on allowances for home mortgage's and the definition of a home includes boats. See KM...MB about forming a finance company with your wife if you have one with the proceeds from house and boat going to the finance company and the finance company giving you a mortgage to buy your boat you plan to sail overseas. You will be able to claim the mortgage rates as a home expense in addition to anti fouling, insurance and some other home / boat expenses within the superannuation provisions. You might be able to buy a half a dozen houses in remote Island areas or build and rent them when you are not in the area for specific times. Pick a reasonable island with views and some infrastructure / amenities. Think that's a crazy idea. Watch HGTV. COM  CH 17 - Island hunters - international island hunters and see the rents they are prepared to pay.. :thumbup:  :idea:  :razz:  

I'm not to sure it's that easy. For a start that structure is likely to invoke MNZ issues as in could mark the boat 'commercial' and require the boat to be in survey...... POOF your savings have been rolled by 10 times more compliance costs. There is alos possible fringe benefit issues.

 

Contrary to what many still seem to think he days of scamming all manner of stuff through business and interesting financial 'structures' are well over. Sure many do still try, you see them in the headlines often usually next to terms like investigation, SFO, police and courts.

 

If it was that easy my boats would be in the companies books but even though they are used and do have gear on them no other boats in NZ have (for evaluation, testing, new products etc) and one of the companies is very marine, but they aren't.


  • 0

#26 Rehabilitated

Rehabilitated

    Rehabilitated

  • Advanced Members
  • PipPipPip
  • 633 posts
  • Locationon the waters and else where

Posted 25 May 2019 - 12:41 PM

I'm not to sure it's that easy. For a start that structure is likely to invoke MNZ issues as in could mark the boat 'commercial' and require the boat to be in survey...... POOF your savings have been rolled by 10 times more compliance costs. There is alos possible fringe benefit issues.

 

Contrary to what many still seem to think he days of scamming all manner of stuff through business and interesting financial 'structures' are well over. Sure many do still try, you see them in the headlines often usually next to terms like investigation, SFO, police and courts.

 

If it was that easy my boats would be in the companies books but even though they are used and do have gear on them no other boats in NZ have (for evaluation, testing, new products etc) and one of the companies is very marine, but they aren't.

The mortgage from the finance company would be a private mortgage to the individual the same way as a bank loan to a private induvial for a private or recreational home or boat purchase.  Fringe benefit regs would not apply. Two separate entities.


  • 0

©  2013 2014 2015

ADVANCING MULTIHULL SAILOR ORGANIZER NAVIGATOR.

OCEAN COMBINED CRUISER / RACER ADVANCING MEMBER.


#27 Rehabilitated

Rehabilitated

    Rehabilitated

  • Advanced Members
  • PipPipPip
  • 633 posts
  • Locationon the waters and else where

Posted 25 May 2019 - 12:52 PM

It already discriminates against NZers or immigrants with overseas pension schemes anyway. They deduct that from your payments. Yet if you have NZ based extra income that is not deducted.

Just more headline hunting from Winnie I guess. I thought he usually chased the grey vote?

How much is nz super now anyway?

 

No offence intended. I think you will find that you are only allowed to earn $80 or $160 per entitlement period then it is reduced dollar for dollar. Winnie is trying to get that increased the allowance before $ 4 $ is applied.


  • 0

©  2013 2014 2015

ADVANCING MULTIHULL SAILOR ORGANIZER NAVIGATOR.

OCEAN COMBINED CRUISER / RACER ADVANCING MEMBER.


#28 DanInEurope

DanInEurope

    Advanced Member

  • Advanced Members
  • PipPipPip
  • 1,373 posts

Posted 25 May 2019 - 05:55 PM

No offence intended. I think you will find that you are only allowed to earn $80 or $160 per entitlement period then it is reduced dollar for dollar. Winnie is trying to get that increased the allowance before $ 4 $ is applied.


Yes, you are right. It still discriminates against overseas pension income, but as the allowance for NZ income is so small, not by much!
  • 0

#29 DanInEurope

DanInEurope

    Advanced Member

  • Advanced Members
  • PipPipPip
  • 1,373 posts

Posted 25 May 2019 - 06:00 PM

Don't you accept that the NZ law and specific mention within the ACT, the emphasis on the word act and ships, comes within the meaning NZ sovereign state territory.


No, it just means that specific to this Act, you'll still get paid Super. Certainly not sovereign state territory.
  • 0

#30 harrytom

harrytom

    Advanced Member

  • Advanced Members
  • PipPipPip
  • 1,721 posts
  • LocationAuckland

Posted 25 May 2019 - 07:08 PM

There is no asset testing on pensions or is there?? Australian pension is means tested from memory??

 

But so is the NZ pension. Kiwi saver,many(including myself)have signed up and it will effect what we you get from the govt pension.

Pay income while working,pay tax on kiwi saver investments.

 

So should "Puffs" client be allowed a pension?? yes,, paid $6 mil in ten yrs in tax but not knowing is this through investing in NZ through employing staff or investments I do know .Paid a hell of a lot more + some who are kiwis living on the dole,sucking the govt tit on state houses hospitals etc never worked or going to work and when they turn 65 get a bloody pension.


  • 0
The boss said "see you in the morning"didnt know he liked sailing




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users