NZ Superannuation Payments increase from April 1, 2021

https://www.workandincome.govt.nz/about-work-and-income/news/2021/benefit-and-payment-rates-2021.html

From  April 1 , 2021  NZ Superannuation and Veteran payments increase, showing in April 15 payments

 

NZ Super and Veteran’s Pension

 

Pension type Net weekly rate
(after tax at “M”)
Net weekly rate
(after tax at “S”)
Gross weekly rate
NZ Super or Veteran’s Pension – standard rates
Single
Single, living alone $436.94 $418.09 $506.64
Single, sharing $403.33 $384.48 $466.03
Couples
Both you and your partner qualify (combined) $672.22 $634.52 $768.92
Both you and your partner qualify (each) $336.11 $317.26 $384.46
Only one of you qualifies and you include your partner in your payments (combined) $638.94 $601.24 $728.64
Only one of you qualifies and you include your partner in your payments (each) $319. 47 $300.62 $364.32
Only one of you qualifies and you don’t include your partner in your payments $336.11 $317.26 $384.46
NZ Super or Veteran’s Pension — non-standard rates
Couple, with non-qualified spouse included before 1 October 1991 (total) $672.22 $634.52 $768.92
Couple, with non-qualified spouse included before 1 October 1991 (each) $336.11 $317.26 $384.46
Hospital rate $46.56 Note 1 $52.02
Non-taxable amounts
Other veterans lump sum payment on death $6,237.50
Veteran’s spouse’s lump sum payment on death $4,756.27

Note 1: The hospital rate is always taxed at the ‘M’ rate.

You can find more information about the NZ Super and Veteran’s Pension rates here.

For more information about war pensions and allowances, please phone Veterans’ Affairs New Zealand on 0800 483 8372 (0800 4 VETERAN)

 

This article was written by Alec Waugh

BA (history) Master Public Policy MPP. Career primarily Police 1968-2006. CEO Business Information Services (BIZinfo) Liberal commentator, voted NZ First/Labour last 3 elections. European. Interested in delivery issues and implementation, trends over time. Well read

3 thoughts on “NZ Superannuation Payments increase from April 1, 2021”

  1. good evening, i have made a terrible mistake, could you please tell me what the rate is for ‘ a single living alone ‘ please. ps with out the M and S tax kind regards norm best

    1. Hi. Your first port of call for accuracy is Work and Income website or 0800, and Money Hub website.
      Single living alone has a number of definitions

      Our table presents how much you’ll receive below, depending on your situation.
      Weekly Amount
      ​(before tax)
      Fortnightly Amount
      ​(before tax)
      Annual Amount
      (before tax)
      Annual Amount
      (after tax, with total income up to $48,000 p.a.)
      Single (living alone or with a dependent child)
      $506.64
      $1,013.28
      $26,345.28
      $22,720.88
      (or $436.94 weekly)
      Single (living with someone who is not a partner)
      $466.03
      ​$932.06
      $24,233.56
      $20,973.16
      ​(or $403.33 weekly)
      Couple (one or both of you quality for NZ Super)
      $384.46 (each)
      $768.92 (each)
      $19,991.92 (each)
      $17,477.72
      (or $336.11 weekly)​

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