NZ Super rates from 1 April
NZ Super rates from 1 April
Each year the government reviews the level of payments for New Zealand Superannuation (NZ Super) taking into account increases in the cost of living and wages.
Here's a summary of the new (maximum after tax) rates for NZ Super from 1 April 2010:
| Weekly | Annual | |
|---|---|---|
| Single, living alone | $318.12 | $16,542 |
| Single, sharing | $293.65 | $15,269 |
| Couple, both qualify (total) | $489.42 | $25,449 |
| Couple, both qualify (each) | $244.71 | $12,724 |
(Net rates after tax at 'M' tax code)
For the full list of weekly gross and net rates visit the Work and Income website.
Note these figures are a guide only. If you want to know more about the level of NZ Super you would be entitled to, contact Work and Income on 0800 552 002.
User comments superannuation
If in years to come there is not going to be any super for those who retire, why does the govt not look at cutting super for those still working full time. Make it when you stop work you collect super. How much will that save!!
Posted at 10:08 am on May 27, 2010 Living alone Allowance
It is time someone with some knowledge of costs etc looked at the LOA. It does not give you a living allowance with the Superannuation We pay the same costs i.e. insurances etc as the married couple do on less money .Someone please look
Posted at 04:38 pm on May 26, 2010 the younger people
Well I like to say I'm younger, I am thirty five. My generation including me paid for their own tertiary education, and have been contributing taxes for the the last eighteen years. The national super burden is getting larger so more and more of our taxes go into paying that yet no one my age expects superannuation to be around when we retire. Most people my age I know don't see themselves retiring until they are probably in their late seventies. Why, well we don't think we will be able to afford it. Living off savings for twenty years will be beyond most people.
I think older people should be thankful they are getting on average near twenty years of funded retirement, oh the luxury...it won't be like that for us.
I think a way for the country to afford national super would be to link it to the average age of death. When it was set up it people were not expected to have a twenty year retirement. I think a reasonable entitlement age would be ten years before the average age of death, and as this slowly crept up or down then so would the national super entitlement age. Then I think we might be able to afford it.
Posted at 04:16 pm on May 19, 2010 NZ Super
My complaint is that those that have worked and paid taxes and contributed to society should be entitled to the same priviledges with regards to health etc as those that have never worked at all. It seems that those that sit around smoking and drinking all day get free health care when they're older, but those that have been putting aside some money for their retirement and paying taxes to support the unemployed, get a raw deal when they retire.Although they get the Super, they just keep on paying for health and disability. That's the thanks they get for getting off their butts and working and doing without during their working years. I have no issue paying a reasonable tax rate, but I have a BIG issue paying tax and working while others that are quite capable choose to sit around and use up the taxes to pay for their lifestyles. You should not be able to claim unemployment unless you've previously worked for several years, and it should be capped at 6 months. Taxes are to be used for the elderly and the sick and improving facilities and education. Not wasted on losers, fat MP's and others who simply refuse to help themselves. Productive people should be looked after.
Posted at 02:35 pm on May 01, 2010 Because we have paid for you.
Good to have an altruistic, considerate and generous poster above. Perhaps seems to have forgotten that the comfortable and easy life now available was provided on the back of ourselves and earlier generations.
Posted at 04:28 pm on April 27, 2010 N.Z. Super
I have only recently been elegible to receive N.Z. Super and I am most grateful for it. I too have worked long and hard for the past 51 years having paid taxes but have also participated in the services those taxes have provided. Sure, I would enjoy a bigger slice of the cake, who wouldn't. Three feeds a day and a comfortable roof over ones head. If not, who's to blame?
Posted at 03:04 pm on April 27, 2010 Superannuation Payments
I agree with m,ost of the comments I know when I was 14 my father who had built up a good business by himself was paying 19 shillings and 6 pence in the Pound Tax Did he get it back,;I bet you he didnt Both my parents died when they were 72 so that was only 7 years they would have got super The government gain by early deaths also
Posted at 02:02 pm on April 26, 2010 Superannuation Payments
I think the differance between Living alone and a couple living together doesn't equate and is unfair If I was still living with my wife there would be $9000 or $173 weekly more coming in. Most of the living and car expenses would only be slightly more Food would be the only increase I get a disability allowance which is stuff all; seeing as how it was caused by a surgeon on the operating table 7years ago
Posted at 01:43 pm on April 26, 2010 superannuation
Senor Julian appears to have forgotten the many people living on a basic wage today who find it impossible to save for their retirement.
Perhaps he should visit those uncivilised countries that do not have a social contract. New Zealand should not become a place where the indigent old beg in the streets.
I have paid taxes for over 40 years and am entitled to a dignified old age.
We need higher taxation, not lower, to maintain the social fabric of this country. Right-wing induced poverty has no place here.
Posted at 09:48 am on April 02, 2010 
