The Social Security Rate in New Zealand stands at 11 percent. Social Security Rate in New Zealand averaged 9.17 percent from 2004 until 2021, reaching an all time high of 11.00 percent in 2007 and a record low of 0.00 percent in 2005. source: New Zealand Inland Revenue Department

Social Security Rate in New Zealand is expected to reach 11.00 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand KiwiSaver Rate is projected to trend around 11.00 percent in 2025, according to our econometric models.

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New Zealand KiwiSaver Rate

Related Last Previous Unit Reference
Corporate Tax Rate 28.00 28.00 percent Dec 2023
Personal Income Tax Rate 39.00 39.00 percent Dec 2023
Sales Tax Rate 15.00 15.00 percent Dec 2023
Social Security Rate 11.00 11.00 percent Dec 2021
Social Security Rate For Companies 3.00 3.00 percent Dec 2023
Social Security Rate For Employees 8.00 8.00 percent Dec 2021

New Zealand KiwiSaver Rate
In New Zealand there is no compulsory social security system; instead there is a voluntary savings scheme set up by the government named KiwiSaver. Trading Economics takes into account the sum of the employee contribution with the employer as a social security rate.
Actual Previous Highest Lowest Dates Unit Frequency
11.00 11.00 11.00 0.00 2004 - 2021 percent Yearly