Guides
The basic building blocks of money, explained. Pick a topic or life event, and read on!
BROWSE ALL GUIDES
The basic building blocks of money, explained. Pick a topic or life event, and read on!
BROWSE ALL GUIDESThe current rates of New Zealand Superannuation (NZ Super rates) 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 2018 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 |
$400.87 |
$20,845.24 |
|
Single – sharing |
$370.03 |
$19,241.56 |
|
Married, civil union or de facto couple: One partner qualifies (and the other is not included) |
$308.36 |
$16,034.72 |
|
Married, civil union or de facto couple: both partners qualify |
$308.36 $616.72 jointly |
$16,034.72 each $32,069.44 jointly |
|
Married, civil union or de facto couple: One partner qualifies and the other is included * |
$586.18 |
$30,481.36 |
Source: Ministry of Social Development
* If you have a partner who doesn't already qualify for their own NZ Super, you can choose to include them in your payments. If you do this both partners could get paid, but any other income earned could affect how much you get. If payments started before October 1991, you may get more than the amount shown above.
For help working out the best option, Work and Income can be reached on 0800 552 002.
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