As the cost of living continues to rise across New Zealand, the government has announced a Superannuation rate increase starting April 1, 2025. This adjustment aims to ensure that older Kiwis receiving the pension have stronger financial support to cover essential expenses like housing, food, and healthcare.
Whether you’re already receiving NZ Super or are nearing eligibility, staying updated on payment amounts and timelines is crucial for financial planning in retirement.
What is New Zealand Superannuation?
New Zealand Superannuation (NZ Super) is a fortnightly government pension paid to eligible residents aged 65 and over. It’s not means-tested, meaning you can still receive it even if you’re working or have other sources of income.
Every year, the payment amounts are adjusted based on inflation and wage growth, to help older New Zealanders manage increasing living costs while maintaining a decent quality of life.
How Much Will You Receive in 2025?
From April 1, 2025, the new NZ Super rates will provide a boost in fortnightly payments. Here’s what eligible individuals will receive after tax (M code):
- Single (Living Alone): $1,038.94 per fortnight
- Single (Sharing Accommodation): $959.02 per fortnight
- Couples (Both Qualify): $1,598.36 combined per fortnight
- Couples (Only One Qualifies): $799.18 per fortnight (for the eligible partner)
These increased amounts aim to keep pace with the rising costs of groceries, rent, and medical expenses.
Who Is Eligible for NZ Super in 2025?
To qualify for New Zealand Superannuation, you must meet the following residency and age criteria:
- Be aged 65 or older
- Be a New Zealand citizen or permanent resident
- Be ordinarily resident in New Zealand, the Cook Islands, Niue, or Tokelau
- Have lived in New Zealand for at least 10 years since age 20, including at least 5 years after age 50
You can still work and receive NZ Super, but it is taxable income, and your rate may change if you live overseas or share accommodation.
NZ Superannuation Payment Dates for 2025
Superannuation payments are made every two weeks on a Tuesday and are deposited directly into your bank account. Below is the upcoming payment schedule for the year:
- March: 11th, 25th
- April: 8th, 22nd
- May: 6th, 20th
- June: 3rd, 17th
- July: 1st, 15th, 29th
- August: 12th, 26th
- September: 9th, 23rd
- October: 7th, 21st
- November: 4th, 18th
- December: 2nd, 16th, 30th
If a scheduled payment falls on a public holiday, it may be processed on the next business day.
How to Apply for NZ Superannuation
If you’re approaching age 65, it’s recommended that you apply 12 weeks in advance of your birthday to avoid delays.
Here’s how to apply:
- Check Eligibility – Confirm you meet age and residency criteria
- Gather Documents – You’ll need:
- Birth certificate or NZ passport
- IRD number
- Proof of bank account
- Apply Online – Visit MyMSD or Work and Income’s website
- Attend an Appointment (if required) – Some applicants may be asked to meet in person
- Receive Your Payments – Payments begin once your eligibility is approved
Can You Work While Receiving NZ Super?
Yes, you can continue to work while receiving your pension. However, since NZ Super is taxed, your overall income may affect how much tax you pay. It’s important to review your tax code and notify IRD of any changes in your employment status.
Many pensioners choose part-time work to supplement their super payments without losing eligibility.
FAQs
What is the new NZ Super rate from April 2025?
Single individuals living alone will receive $1,038.94 per fortnight, and couples who both qualify will get $1,598.36 combined.
When do the new rates start?
The new payment rates begin on April 1, 2025, with the first increased payment likely to be issued on April 8, 2025.
How do I know if I qualify for NZ Super?
You must be 65 years or older, a NZ citizen or permanent resident, and meet the 10-year residency requirement.
Can I receive NZ Super if I still work?
Yes, but NZ Super is taxed, so your total income may affect your tax obligations.
Do I need to reapply each year?
No. Once approved, your NZ Super continues unless you move overseas or your eligibility changes.
What if I live with others?
You may receive a lower rate if you share accommodation, unless you qualify for the living alone rate.
How are payments made?
Payments are deposited fortnightly directly into your bank account.
What if my payment is delayed?
If your payment hasn’t arrived, contact Work and Income NZ after confirming it’s not a public holiday or processing delay.
Click here to know more.
Aanchal is a passionate writer with a keen interest in storytelling, content creation, and creative expression. She enjoys exploring diverse topics and crafting engaging narratives that captivate readers.
