Voluntary bonding scheme
The New Zealand education system needs an adequate supply of teachers across all schools and subjects. The Voluntary Bonding Scheme was introduced in 2009 to make sure there's a good supply of teachers for certain schools and subject areas. If eligible, teachers will receive an annual taxable payment of $3,500 for up to five years. Payments will be made at the end of a teacher’s third, fourth and fifth year of teaching. The first payments will be made at the end of the 2011 school year. Full information about the scheme can be found on the TeachNZ website.
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