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Reading time: 2 minutes
The current rates of New Zealand Superannuation (NZ Super) below give a broad idea of how much the state pension is this year. Could we live on that? If not, it’s time to put some other plans in place.
Here are the current superannuation rates of NZ Super from 1 April 2024 after tax has been deducted at rate 'M'. For other tax codes, see the Work and Income website.
|
Standard NZ Super Rates (for tax code M) |
||
|
Qualifying as |
Weekly rate |
Annual rate |
|
Single: living alone |
$519 |
$27,012 |
|
Single: sharing |
$480 |
$24,935 |
|
Married, civil union or de facto couple: one partner qualifies (and the other is not included) |
$400 |
$20,779 |
|
Married, civil union or de facto couple: both partners qualify |
$799 |
$41,557 |
|
Married, civil union or de facto couple: one partner qualifies and the other is included |
$760 |
$39,501 |
Source: Ministry of Social Development
If you have income from another source (if you are still working or earn investment income), your after-tax amount of NZ Super may differ. You can find out exactly what you’re entitled to from Work and Income by calling 0800 552 002 (you’ll need to have your IRD number handy) or their website. See also Inland Revenue’s website for more information.
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What is NZ Super? New Zealand Superannuation (NZ Super) is the government pension paid to Kiwis aged 65 and older.
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