At 1 April 2018
Below are the New Zealand Superannuation and Veterans Pension rates at 1 April 2018. 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 | $463.04 | $400.87 | $801.74 | |
Single, sharing accommodation | $425.55 | $370.03 | $740.06 | |
Married person or partner in a civil union or de facto relationship | $350.76 | $308.36 | $616.72 | |
Married or in a civil union or de facto relationship, both qualify | Total | $701.52 | $616.72 | $1,233.44 |
Each | $350.76 | $308.36 | $616.72 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $664.68 | $586.18 | $1,172.36 |
Each | $332.34 | $293.09 | $586.18 | |
Married, non-qualified partner included before 1 October 1991 | Total | $701.52 | $616.72 | $1,233.44 |
Each | $350.76 | $308.36 | $616.72 | |
Qualified partner in rest home with non-qualified partner in the community | $303.32 | $269.15 | $538.30 | |
Hospital rate | $49.67 | $44.53 | $89.06 | |
"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 | $463.04 | $382.02 | $764.04 | |
Single, sharing accommodation | $425.55 | $351.18 | $702.36 | |
Married person or partner in a civil union or de facto relationship | $350.76 | $289.51 | $579.02 | |
Married or in a civil union or de facto relationship, both qualify | Total | $701.52 | $579.02 | $1,158.04 |
Each | $350.76 | $289.51 | $579.02 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $664.68 | $548.48 | $1,096.96 |
Each | $332.34 | $274.24 | $548.48 | |
Married, non-qualified partner included before 1 October 1991 | Total | $701.52 | $579.02 | $1,158.04 |
Each | $350.76 | $289.51 | $579.02 | |
Qualified partner in rest home with non-qualified partner in the community | $303.32 | $250.30 | $500.60 | |
Hospital rate | $49.67 | 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 | $463.04 | $324.14 | $648.28 | |
Single, sharing accommodation | $425.55 | $298.05 | $596.10 | |
Married person or partner in a civil union or de facto relationship | $350.76 | $245.76 | $491.52 | |
Married or in a civil union or de facto relationship, both qualify | Total | $701.52 | $491.52 | $983.04 |
Each | $350.76 | $245.76 | $491.52 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $664.68 | $465.48 | $930.96 |
Each | $332.34 | $232.74 | $465.48 | |
Married, non-qualified partner included before 1 October 1991 | Total | $701.52 | $491.52 | $983.04 |
Each | $350.76 | $245.76 | $491.52 | |
Qualified partner in rest home with non-qualified partner in the community | $303.32 | $212.42 | $424.84 | |
Hospital rate | $49.67 | 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 | $463.04 | $310.25 | $620.50 | |
Single, sharing accommodation | $425.55 | $285.30 | $570.60 | |
Married person or partner in a civil union or de facto relationship | $350.76 | $235.26 | $470.52 | |
Married or in a civil union or de facto relationship, both qualify | Total | $701.52 | $470.52 | $941.04 |
Each | $350.76 | $235.26 | $470.52 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $664.68 | $445.56 | $891.12 |
Each | $332.34 | $222.78 | $445.56 | |
Married, non-qualified partner included before 1 October 1991 | Total | $701.52 | $470.52 | $941.04 |
Each | $350.76 | $235.26 | $470.52 | |
Qualified partner in rest home with non-qualified partner in the community | $303.32 | $203.33 | $406.66 | |
Hospital rate | $49.67 | See Note 1 below | ||
Note 1
The hospital rate is always taxed at the "M" rate.
Current rates
For the current rates see:
