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Since 1999 it has not been compulsory to retire and, although most stop work at around 65, the latest census (2006) showed that 17 per cent of New Zealanders work beyond the traditional retirement age.
Visas In 2010 New Zealand introduced a ‘retirement visa’ to make it easier for migrants to retire to the country.
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The temporary retirement visa offers a two-year permit for British people who wish to spend some of their retirement in New Zealand, provided that they invest in the country.
It requires at least NZD 0,000 (approximately £375,000) in qualifying investments, as well as NZD 0,000 (£250,000) for maintenance, and an annual income of at least NZD ,000 (£30,000) from pensions and other investments.
Superannuation is calculated on 66 per cent of the average couple’s wage after tax.If you're using Internet Explorer, and have specified an abnormally high level of paranoia for your browser, you may be able to remedy the situation by going to your Privacy settings under Internet Options, and selecting a privacy level of "Medium" for all sites, or just for this one.This problem may also occasionally be caused by a glitch in Microsoft Internet Explorer.Payments can be made to single people or married couples.It is expected that most people will also save into a private pension scheme in order to supplement their retirement income as it is unlikely that the Superannuation will cover anything more than basic living costs (see below, living costs).