At 1 April 2007
Below are the New Zealand Superannuation and Veterans Pension rates at 1 April 2007. The net rates are after tax at "M" or "S".
"M" tax code
Category | Weekly rate | Fortnightly payment (net) | Annual rate (gross) | ||
Net | Gross | ||||
Single, living alone | $277.06 | $336.65 | $554.12 | $17,505.80 | |
Single, sharing | $255.74 | $309.66 | $511.48 | $16,102.32 | |
Married person or partner in a civil union or de facto relationship | $213.12 | $255.70 | $426.24 | $13,296.40 | |
Married or in a civil union or de facto relationship, both qualify | Total | $426.24 | $511.40 | $852.48 | $26,592.80 |
Each | $213.12 | $255.70 | $426.24 | $13,296.40 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $406.44 | $486.56 | $812.88 | $25,301.12 |
Each | $203.22 | $243.28 | $406.44 | $12,650.56 | |
Married, non-qualified partner included before 1 October 1991 | Total | $426.24 | $511.40 | $852.48 | $26,592.80 |
Each | $213.12 | $255.70 | $426.24 | $13,296.40 | |
Qualified partner in rest home with non-qualified partner in the community | $223.10 | $268.41 | $446.20 | $13,957.32 | |
Hospital rate | $32.69 | $38.39 | $65.38 | $1,996.28 | |
"S" tax code
Use this table if the superannuitant has other income and an "S" tax rate (21%).
Category | Weekly rate | Fortnightly payment (net) | Annual rate (gross) | ||
Net | Gross | ||||
Single, living alone | $266.09 | $336.65 | $532.18 | $17,505.80 | |
Single, sharing | $244.77 | $309.66 | $489.54 | $16,102.32 | |
Married person or partner in a civil union or de facto relationship | $202.15 | $255.70 | $404.30 | $13,296.40 | |
Married or in a civil union or de facto relationship, both qualify | Total | $404.30 | $511.40 | $808.60 | $26,592.80 |
Each | $202.15 | $255.70 | $404.30 | $13,296.40 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $384.50 | $486.56 | $769.00 | $25,301.12 |
Each | $192.25 | $243.28 | $384.50 | $12,650.56 | |
Married, non-qualified partner included before 1 October 1991 | Total | $404.30 | $511.40 | $808.60 | $26,592.80 |
Each | $202.15 | $255.70 | $404.30 | $13,296.40 | |
Qualified partner in rest home with non-qualified partner in the community | $212.13 | $268.41 | $424.26 | $13,957.32 | |
Hospital rate | See Note 1 below | $38.39 | $1,996.28 | ||
Note 1
The hospital rate is always taxed at the "M" rate.
Current rates
For the current rates see:
