Money & tax

Customer paying in a cafe

Debit cards are also known as cash cards here, or EFTPOS cards (Electronic Funds Transfer at Point of Sale).

Using a card is the most common way to pay here, even for relatively small purchases. Contactless and mobile payments are becoming more popular too. In fact, New Zealand has the least cash circulating per person than any other OECD country,

Wages and salaries are usually paid directly into a bank account, so if you have a job to come to it’s a good idea to open an account before you get here. You can transfer money into that account, but you can’t use it until you have verified your identity. Check how easy that will be when you choose a bank.

In this section:

  • Cost of living

    Get a feel for the sorts of things you can buy here and what they’re likely to cost.

  • Taxes

    Know the basics of New Zealand’s tax system and what you’re required to do.

  • Banking, loans & FX

    Work out how you’ll handle your everyday finances, and how to transfer your money.

  • Financial assistance

    See what financial back-up is available from New Zealand’s public welfare system.

  • Retirement

    Check out the ways New Zealanders prepare for their retirement.

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Page last updated: 30/08/2016

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