PUB00348: Income tax - monthly retirement payments from the United Nations Joint Staff Pension Fund

This Question We’ve Been Asked (QWBA) discusses the New Zealand tax treatment of monthly retirement benefits received by New Zealand tax residents from the United Nations Joint Staff Pension Fund (UNJSPF).  It concludes that the tax exemption in s CW 64, the Diplomatic Privileges and Immunities Act 1968, and Orders in Council for the United Nations and its agencies do not apply to monthly retirement benefits from the UNJSPF.  In general, monthly retirement payments received by retired United Nations staff members are taxed as pensions under s CF 1(g).  This conclusion is consistent with the QWBA published as “Tax treatment of United Nations Joint Staff Pension Fund pensions”, Tax Information Bulletin Vol 8, No 10 (December 1996), that will be updated and replaced by this QWBA.

Comment deadline: 9 July 2020

PUB00348 - PDF format (232KB | 13 pages)