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When should I retire?

The age of eligibility for New Zealand Superannuation is currently 65 years, and this is when a large proportion of New Zealanders choose to retire from the workforce.

You can still receive your New Zealand Superannuation while you are working or receiving other income. Retirees should consider the following when working beyond the New Zealand Superannuation eligibility age of 65:
  • Only continue to work if you’ve received medical advice that working longer won’t be detrimental to your health
  • Consider reducing your hours and working part time rather than continuing in full time work, unless this would cause you financial issues
  • Make sure you consult your financial planner about the amount of income tax you will have to pay if you are receiving NZ superannuation along with income from working
  • Make sure you have discussed any working arrangements with your employer. Some employers may only consider your application to work after the common retirement age of 65, if they believe your health will not suffer
Growing life expectancies, along with recognition of the health benefits of continued mental stimulation through work, have led to a growing number of New Zealander's continuing to work well into their 70's or even 80's.  
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