New Zealand Superannuation
When a client from Canada meets all the qualifications for New Zealand Superannuation except residence they may qualify under the agreement with Canada.
The agreement with Canada allows Canadian creditable periods from the age of 20 to be regarded as residence in New Zealand for a client to meet the period of residence qualification for New Zealand Superannuation.
The client must be the New Zealand qualifying age.
The client may also be entitled to a Canadian Pension, which may be directly deducted from New Zealand Superannuation.
A Canadian creditable period accumulated under the Old Age Security Act which coincides with a period accumulated under the Canada Pension Plan can only be taken into account once.
SWIFTT
When New Zealand Superannuation is granted using the agreement with Canada you will need to add the reciprocal indicator by using the NDTA screen in SWIFTT and entering 06 in the entitlement code field.
For more information
Legislation
- articles II and VI Social Welfare (Reciprocity with Canada) Order 1996
- Residential qualification for New Zealand Superannuation section 8 New Zealand Superannuation and Retirement Income Act 2001
- Factors reducing benefits: entitlement to overseas pensions section 187-191 Social Security Act 2018
- Factors affecting benefits regulations 118-136 Social Security Regulations 2018
