At 1 April 2012
Below are the New Zealand Superannuation and Veterans Pension rates at 1 April 2012. The net rates are after tax at "M" or "S" or "SH" or "ST".
"M" tax code
Category | Weekly rate | Fortnightly payment (net) | ||
Gross | Net | |||
Single, living alone | $400.07 | $348.92 | $697.84 | |
Single, sharing | $367.45 | $322.08 | $644.16 | |
Married person or partner in a civil union or de facto relationship | $302.40 | $268.40 | $536.80 | |
Married or in a civil union or de facto relationship, both qualify | Total | $604.80 | $536.80 | $1,073.60 |
Each | $302.40 | $268.40 | $536.80 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $572.58 | $510.18 | $1,020.36 |
Each | $286.29 | $255.09 | $510.18 | |
Married, non-qualified partner included before 1 October 1991 | Total | $604.80 | $536.80 | $1,073.60 |
Each | $302.40 | $268.40 | $536.80 | |
Qualified partner in rest home with non-qualified partner in the community | $287.56 | $256.19 | $512.38 | |
Hospital rate | $47.31 | $42.38 | $84.76 | |
"S" tax code
Use this table if the superannuitant has other income and an "S" tax rate (17.5%).
Category | Weekly rate | Fortnightly payment (net) | ||
Gross | Net | |||
Single, living alone | $400.07 | $330.07 | $660.14 | |
Single, sharing | $367.45 | $303.23 | $606.46 | |
Married person or partner in a civil union or de facto relationship | $302.40 | $249.55 | $499.10 | |
Married or in a civil union or de facto relationship, both qualify | Total | $604.80 | $499.10 | $998.20 |
Each | $302.40 | $249.55 | $499.10 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $572.58 | $472.48 | $944.96 |
Each | $286.29 | $236.24 | $472.48 | |
Married, non-qualified partner included before 1 October 1991 | Total | $604.80 | $499.10 | $998.20 |
Each | $302.40 | $249.55 | $499.10 | |
Qualified partner in rest home with non-qualified partner in the community | $287.56 | $237.34 | $474.68 | |
Hospital rate | $47.31 | See Note 1 below | ||
"SH" tax code
Use this table if the superannuitant has other income and an "SH" tax rate (30%).
Category | Weekly rate | Fortnightly payment (net) | ||
Gross | Net | |||
Single, living alone | $400.07 | $280.07 | $560.14 | |
Single, sharing | $367.45 | $257.35 | $514.70 | |
Married person or partner in a civil union or de facto relationship | $302.40 | $211.80 | $423.60 | |
Married or in a civil union or de facto relationship, both qualify | Total | $604.80 | $423.60 | $847.20 |
Each | $302.40 | $211.80 | $423.60 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $572.58 | $400.98 | $801.96 |
Each | $286.29 | $200.49 | $400.98 | |
Married, non-qualified partner included before 1 October 1991 | Total | $604.80 | $423.60 | $847.20 |
Each | $302.40 | $211.80 | $423.60 | |
Qualified partner in rest home with non-qualified partner in the community | $287.56 | $201.46 | $402.92 | |
Hospital rate | $47.31 | See Note 1 below | ||
"ST" tax code
Use this table if the superannuitant has other income and an "ST" tax rate (33%).
Category | Weekly rate | Fortnightly payment (net) | ||
Gross | Net | |||
Single, living alone | $400.07 | $268.07 | $536.14 | |
Single, sharing | $367.45 | $246.34 | $492.68 | |
Married person or partner in a civil union or de facto relationship | $302.40 | $202.74 | $405.48 | |
Married or in a civil union or de facto relationship, both qualify | Total | $604.80 | $405.48 | $810.96 |
Each | $302.40 | $202.74 | $405.48 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $572.58 | $383.82 | $767.64 |
Each | $286.29 | $191.91 | $383.82 | |
Married, non-qualified partner included before 1 October 1991 | Total | $604.80 | $405.48 | $810.96 |
Each | $302.40 | $202.74 | $405.48 | |
Qualified partner in rest home with non-qualified partner in the community | $287.56 | $192.85 | $385.70 | |
Hospital rate | $47.31 | See Note 1 below | ||
Note 1
The hospital rate is always taxed at the "M" rate.
Current rates
For the current rates see:
