- Do I pay tax on my KiwiSaver when I withdraw it in retirement overseas?
Frequently Asked Questions
Do I pay tax on my KiwiSaver when I withdraw it in retirement overseas?
When you withdraw your savings, the amount you receive has already had any NZ tax obligations settled. Sometimes you may be due a tax refund and it will be included in your final payout. However, if you retire overseas, your new country of residence may tax the withdrawals. Tax rules differ country by country, so it’s best to get advice from a tax adviser in your new country.