Why We Exist

New Zealand Superannuation (NZS) is the retirement benefit paid to all eligible New Zealanders aged 65 or over. 

It is funded on a Pay As You Go basis. This means that the cost of paying NZS in any one year is paid from the taxes levied on the incomes of working New Zealanders in that same year. For more information about the NZS benefit, we recommend you visit the Work and Income New Zealand website here.

In this section you can find out how the cost of NZS is going to increase as New Zealand's population gets older and how the New Zealand Superannuation Fund was established as an intended response to that increasing cost.

You can also find out what controls have been set for how the Guardians of New Zealand Superannuation manage and administer the Fund.

You can click below to find out more about:

The cost of New Zealand's ageing population

How the Fund responds to that cost

How the Guardians and Fund were established

The controls on how the Guardians manage the Fund