NZ Super and Veteran's Pension payment rates

New Zealand Superannuation and Veteran's Pension are paid fortnightly on a Tuesday. How much you get depends on your situation.

Information

These rates are based on having an 'M' tax code. If you're on another tax code, you may get less.

These payment rates are updated on 1 April every year.

  • Single

    If you're single, it doesn't matter how much income you have - it won't affect your NZ Super or Veteran's Pension payments, unless you get an overseas pension.

    If you get an overseas pension, talk to us about how this could affect your payments.

    If you:

    After tax (fortnightly)

    Before tax (fortnightly)

    live alone or with a dependent child $847.66 $981.46

    live with someone who's either:

    • 18 or older (unless they're a dependent child)
    • visiting and staying for more than 13 weeks.
    $782.44 $902.58
  • Couple

    Your situation

    After tax (fortnightly):

    Before tax (fortnightly)

    Both you and your partner meet the criteria for NZ Super or Veteran's Pension

    It doesn't matter how much income you and your partner have - it won't affect your NZ Super or Veteran's Pension payments, unless either of you get an overseas pension (talk to us about how this could affect your payments).

    $652.04 each $744.54 each
    Only one of you meets the criteria for NZ Super or Veteran's Pension and you include your partner in your payments Up to $619.76 each Up to $705.26 each
    Only one of you meets the criteria for NZ Super or Veteran's Pension and you don't include your partner in your payments $652.04 $744.54

    Including your partner in your payments

    If only one of you meets the criteria for NZ Super or Veteran's Pension, you can choose whether to include your partner (who doesn't meet the criteria) into your payments.

    From 9 November 2020, we won’t be accepting any new applications to include your partner in your payments. Find out about these changes here.

    Depending on what you choose, you'll get a different NZ Super or Veteran's Pension rate (as you can see in the table above) and your and your partner's combined income could affect that rate.

    As a guide, if your combined income is:

    • under $30,716.40, you’ll get more NZ Super or Veteran's Pension if you include your partner
    • over $30,716.40, you'll get more NZ Super or Veteran's Pension if you don't include your partner.

    Choose to include your partner

    If you choose to include your partner in your payments, your and your partner's combined income will affect your NZ Super or Veteran's Pension payments. Combined income includes any income either of you have from, eg:

    • earnings
    • rental properties, less certain expenses (eg, house insurance, rates, repairs and maintenance)
    • overseas pensions
    • interest
    • shares
    • money from a retirement fund that you can access and withdraw.

    If you have income, your total rate between you and your partner ($1,410.52 before tax) will be reduced as follows:

    • the first $115 of combined income a week (before tax) doesn’t affect your payments
    • for every $1 you get over $115, your total NZ Super or Veteran's Pension payment is reduced by 70 cents
    • the reduced rate will then be divided into 2 and you and your partner will get half each (after tax).

    Choose not to include your partner

    If you choose not to include your partner in your payments, it doesn't matter how much income you and your partner have - it won't affect your NZ Super or Veteran's Pension payments, unless either of you get an overseas pension.

    If either of you get an overseas pension, talk to us about how this could affect your payments.

  • Examples

    Bob and Janet

    Bob turns 65 and stops working. His wife Janet is 63 and isn’t working. Only Bob can get NZ Super (as Janet isn’t 65 yet).

    Bob needs to decide whether to include Janet in his NZ Super payments or not.

    If:

    Fortnightly rate of (after tax):

    Fortnightly rate after income reduction

    Bob includes Janet $619.76 each ($1,239.52 total) $619.76 each ($1,239.52 total)
    Bob doesn't include Janet $652.04 $652.04

    If Bob includes Janet, their rate won't reduce because they have no income. This means they'll get more NZ Super between them if Bob includes Janet in his payments.

    Janet turns 65

    Once Janet turns 65 (and as long as she meets all the other criteria), she can also get NZ Super. Because both Bob and Janet can now get NZ Super, they’ll get $652.04 each (after tax) a fortnight ($1,304.08 in total). Any income they have won’t affect this payment.


    Anahera and Anaru

    Anahera and Anaru are both working. Anahera is 63 (so can't get NZ Super yet) and Anaru has just turned 65. Anaru applies for NZ Super but wants to keep working part-time. Their combined income is $30,000 a year (before tax).

    Anaru needs to decide whether to include Anahera in his NZ Super payments or not.

    If:

    Fortnightly rate (after tax):

    Fortnightly rate after income reduction (after tax):

    Anaru includes Anahera $619.76 each ($1,239.52 total) $296.42 each ($592.84 total)
    Anaru doesn't include Anahera $652.04 $652.04

    If Anaru includes Anahera, their total payment will be reduced by $646.68 a fortnight (before tax) because of their income. This means they'll get more NZ Super if Anaru doesn't include Anahera in his NZ Super payments.

    Anahera turns 65

    Once Anahera turns 65 (and as long as she meets all the other criteria), she can also get NZ Super. Because both Anaru and Anahera can now get NZ Super, they’ll get $652.04 each (after tax) a fortnight ($1,304.08 in total). Their income will no longer affect their NZ Super payments.


    Tom and Sally

    Tom turns 65 and stops working. His wife Sally is 60 and isn’t working due to ill health. Only Tom can get NZ Super (as Sally isn’t 65 yet). Tom and Sally have a second property which they rent out and they also have some shares. Their total combined income is $20,000 a year (before tax).

    Tom needs to decide whether to include Sally in his NZ Super payments or not.

    If:

    Fortnightly rate (after tax):

    Fortnightly rate after income reduction (after tax):

    Tom includes Sally $619.76 each ($1,239.52 total) $431.03 each ($862.06 total)
    Tom doesn't include Sally $652.04 $652.04

    If Tom includes Sally, their total payment will be reduced by $377.46 a fortnight (before tax) because of their income. This means they'll get more NZ Super between them if Tom includes Sally in his NZ Super payments.

    Sally turns 65

    Once Sally turns 65 (and as long as she meets all the other criteria), she can also get NZ Super. Because both Tom and Sally can now get NZ Super, they’ll get $652.04 each (after tax) a fortnight ($1,304.08 in total). Their income will no longer affect their NZ Super payments.

  • Getting other payments from us

    If you get other payments from us, eg, Accommodation Supplement or Disability Allowance, any income you get may affect these payments.