At 1 April 2020
Below are the New Zealand Superannuation and Veterans Pension rates at 1 April 2020. 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 | $490.73 | $423.83 | $847.66 | |
Single, sharing accommodation | $451.29 | $391.22 | $782.44 | |
Married person or partner in a civil union or de facto relationship | $372.27 | $326.02 | $652.04 | |
Married or in a civil union or de facto relationship, both qualify | Total | $744.54 | $652.04 | $1,304.08 |
Each | $372.27 | $326.02 | $652.04 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $705.26 | $619.76 | $1,239.52 |
Each | $352.63 | $309.88 | $619.76 | |
Married, non-qualified partner included before 1 October 1991 | Total | $744.54 | $652.04 | $1,304.08 |
Each | $372.27 | $326.02 | $652.04 | |
Hospital rate | $51.38 | $46.03 | $92.06 | |
"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 | $490.73 | $404.98 | $809.96 | |
Single, sharing accommodation | $451.29 | $372.37 | $744.74 | |
Married person or partner in a civil union or de facto relationship | $372.27 | $307.17 | $614.34 | |
Married or in a civil union or de facto relationship, both qualify | Total | $744.54 | $614.34 | $1,228.68 |
Each | $372.27 | $307.17 | $614.34 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $705.26 | $582.06 | $1,164.12 |
Each | $352.63 | $291.03 | $582.06 | |
Married, non-qualified partner included before 1 October 1991 | Total | $744.54 | $614.34 | $1,228.68 |
Each | $372.27 | $307.17 | $614.34 | |
Hospital rate | $51.38 | 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 | $490.73 | $343.73 | $687.46 | |
Single, sharing accommodation | $451.29 | $315.99 | $631.98 | |
Married person or partner in a civil union or de facto relationship | $372.27 | $260.67 | $521.34 | |
Married or in a civil union or de facto relationship, both qualify | Total | $744.54 | $521.34 | $1,042.68 |
Each | $372.27 | $260.67 | $521.34 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $705.26 | $494.06 | $988.12 |
Each | $352.63 | $247.03 | $494.06 | |
Married, non-qualified partner included before 1 October 1991 | Total | $744.54 | $521.34 | $1,042.68 |
Each | $372.27 | $260.67 | $521.34 | |
Hospital rate | $51.38 | 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 | $490.73 | $329.03 | $658.06 | |
Single, sharing accommodation | $451.29 | $302.46 | $604.92 | |
Married person or partner in a civil union or de facto relationship | $372.27 | $249.51 | $499.02 | |
Married or in a civil union or de facto relationship, both qualify | Total | $744.54 | $499.02 | $998.04 |
Each | $372.27 | $249.51 | $499.02 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $705.26 | $472.94 | $945.88 |
Each | $352.63 | $236.47 | $472.94 | |
Married, non-qualified partner included before 1 October 1991 | Total | $744.54 | $499.02 | $998.04 |
Each | $372.27 | $249.51 | $499.02 | |
Hospital rate | $51.38 | See Note 1 below | ||
Note 1
The hospital rate is always taxed at the "M" rate.
Current rates
For the current rates see:
