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 encourage recently qualified New Zealand-trained teachers to teach in certain schools and subjects, to make sure there's a good supply of teachers across all schools and subjects. 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 were made at the end of the 2011 school year. Find out more about the scheme here.
To read the Guide for the scheme click here.