At 1 October 2010
Below are the New Zealand Superannuation and Veterans Pension rates at 1 October 2010. The net rates are after tax at "M" or "S" or "SH" or "ST".
"M" tax code
Category | Weekly rate | Fortnightly payment (net) including Temporary GST Assistance | |||
Gross | Net | Temporary GST Assistance (non-taxable) | |||
Single, living alone | $373.56 | $327.14 | $6.61 | $667.50 | |
Single, sharing | $342.58 | $301.58 | $6.09 | $615.34 | |
Married person or partner in a civil union or de facto relationship | $280.62 | $250.47 | $5.06 | $511.06 | |
Married or in a civil union or de facto relationship, both qualify | Total | $561.24 | $500.94 | $10.12 | $1,022.12 |
Each | $280.62 | $250.47 | $5.06 | $511.06 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $531.72 | $476.08 | $9.62 | $971.40 |
Each | $265.86 | $238.04 | $4.81 | $485.70 | |
Married, non-qualified partner included before 1 October 1991 | Total | $561.24 | $500.94 | $10.12 | $1,022.12 |
Each | $280.62 | $250.47 | $5.06 | $511.06 | |
Qualified partner in rest home with non-qualified partner in the community | $271.20 | $242.63 | $5.62 | $496.50 | |
Hospital rate | $39.64 | $35.55 | $0.72 | $72.54 | |
"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) including Temporary GST Assistance | |||
Gross | Net | Temporary GST Assistance (non-taxable) | |||
Single, living alone | $373.56 | $308.29 | $6.61 | $629.80 | |
Single, sharing | $342.58 | $282.73 | $6.09 | $577.64 | |
Married person or partner in a civil union or de facto relationship | $280.62 | $231.62 | $5.06 | $473.36 | |
Married or in a civil union or de facto relationship, both qualify | Total | $561.24 | $463.24 | $10.12 | $946.72 |
Each | $280.62 | $231.62 | $5.06 | $473.36 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $531.72 | $438.97 | $9.62 | $897.18 |
Each | $265.86 | $219.49 | $4.81 | $448.60 | |
Married, non-qualified partner included before 1 October 1991 | Total | $561.24 | $463.24 | $10.12 | $946.72 |
Each | $280.62 | $231.62 | $5.06 | $473.36 | |
Qualified partner in rest home with non-qualified partner in the community | $271.20 | $223.78 | $5.62 | $458.80 | |
Hospital rate | $39.64 | $35.55 | See Note 2 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) including Temporary GST Assistance | |||
Gross | Net | Temporary GST Assistance (non-taxable) | |||
Single, living alone | $373.56 | $261.66 | $6.61 | $536.54 | |
Single, sharing | $342.58 | $239.98 | $6.09 | $492.14 | |
Married person or partner in a civil union or de facto relationship | $280.62 | $196.62 | $5.06 | $403.36 | |
Married or in a civil union or de facto relationship, both qualify | Total | $561.24 | $393.24 | $10.12 | $806.72 |
Each | $280.62 | $196.62 | $5.06 | $403.36 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $531.72 | $372.72 | $9.62 | $764.68 |
Each | $265.86 | $186.36 | $4.81 | $382.34 | |
Married, non-qualified partner included before 1 October 1991 | Total | $561.24 | $393.24 | $10.12 | $806.72 |
Each | $280.62 | $196.62 | $5.06 | $403.36 | |
Qualified partner in rest home with non-qualified partner in the community | $271.20 | $189.84 | $5.62 | $390.92 | |
Hospital rate | $39.64 | $35.55 | See Note 2 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) including Temporary GST Assistance | |||
Gross | Net | Temporary GST Assistance (non-taxable) | |||
Single, living alone | $373.56 | $250.47 | $6.61 | $514.16 | |
Single, sharing | $342.58 | $229.72 | $6.09 | $471.62 | |
Married person or partner in a civil union or de facto relationship | $280.62 | $188.22 | $5.06 | $386.56 | |
Married or in a civil union or de facto relationship, both qualify | Total | $561.24 | $376.44 | $10.12 | $773.12 |
Each | $280.62 | $188.22 | $5.06 | $386.56 | |
Married or in a civil union or de facto relationship, non-qualified partner included on or after 1 October 1991 | Total | $531.72 | $356.82 | $9.62 | $732.88 |
Each | $265.86 | $178.41 | $4.81 | $366.44 | |
Married, non-qualified partner included before 1 October 1991 | Total | $561.24 | $376.44 | $10.12 | $773.12 |
Each | $280.62 | $188.22 | $5.06 | $386.56 | |
Qualified partner in rest home with non-qualified partner in the community | $271.20 | $181.70 | $5.62 | $374.64 | |
Hospital rate | $39.64 | $35.55 | See Note 2 below | ||
Note 1
Temporary GST Assistance is:
- a payment intended to compensate clients for the GST (goods and services tax) increase from 12.5% to 15% on 1 October 2010
- payable from 1 October 2010 to 31 March 2011 (from 1 April 2011, it's expected that superannuation and pension rates increased by the annual general adjustment will incorporate cost-of-living increases since 1 October 2010)
- equal to 2.02% of the net weekly superannuation or pension rate (at the "M" tax code), and is always paid in full
- paid automatically, at the same time as the superannuation or pension payment
- not taxable or classed as income
Note 2
The hospital rate is always taxed at the "M" rate.
Current rates
For the current rates see:
