The Treasury

Global Navigation

Personal tools

Contributions to the NZS Fund

The Government is focused on reducing net debt before re-starting Crown contributions to the NZS Fund. Contributions to the NZS Fund are forecast to resume in 2020/21 when net debt falls below 20 per cent of GDP. The contribution in 2020/21 is forecast to be $2.2 billion, based on the Government's policy to lift the age of eligibility for New Zealand Superannuation (NZS) to 67 years by 2040/41.

This delay in contributions will not affect New Zealanders' entitlement to NZS, either now or in the future. Low debt is equally as important as NZS Fund assets in meeting some of the future fiscal pressures from population ageing.

Table A1.3 shows the contributions that would be required if NZS Fund contributions started again in 2017/18.

Table A1.3 - NZS Fund calculation ($billions), year ended 30 June
Calculations of annual contributions if they were to resume
in 2017/18, year ended 30 June
2018 2019 2020 2021
Under the Government's policy to lift the age of eligibility for NZS
to 67 years by 2040/41
1.8 1.8 1.9 1.9
If the age of eligibility for NZS did not increase to 67 by 2040/41 2.4 2.5 2.7 2.7
Forecast contribution - - - 2.2
Page top