Chargeable income
Chargeable income is any income or earnings (after tax and/or ACC levies) the client or partner are getting, before any deductions or attachment orders for debt, liability, sanction, penalty, child support payments or student loan repayments.
Chargeable income includes but is not limited to:
- wages or salary
- the net rate of any benefit received (except Orphans Benefit or Unsupported Child's Benefit or Childcare Assistance)
- Working for Families Tax Credits
- Paid parental leave
- War pensions or allowances
- New Zealand Superannuation or Veterans Pension
- Accommodation Supplement
- Rent and 62% of board payments a client gets in excess of their accommodation costs (after the deduction of the cost of any part of the property not being lived in by the client)
- 62% of additional occupant contributions a client gets in excess of their market rent
- Blind subsidies
- Child Disability Allowance
- information share Child Support payments
- non-information share Child Support payments
- formula-assessed Child Support for liability periods before 1 July 2023 paid in excess of the benefit rate
- formula-assessed Child Support paid in excess of the Unsupported Child's Benefit rate (including mixed Child Support payments)
- COVID-19 Income Relief Payment
- Disability Allowance (including the amount of Special Disability Allowance and any Disability Allowance paid for children getting an Orphans Benefit or Unsupported Childs Benefit)
- Student Allowance
- Accommodation Benefit paid to students
- Independent Circumstances Allowance
- the living costs component of a Student Loan
- any regular periodical payments made under any Welfare Programmes paid to replace lost income
- weekly amounts of Accident Compensation paid to replace lost income
- Flexi-Wage Self Employment weekly subsidy (excluding the GST component of 15%) and any income generated from the business
- any voluntary portion of an overseas pension
Note chargeable income is the net rate of any benefit received before any deduction or sanction, for example (but not limited to) deductions for overseas pension.
For more information see:
Legislation
- Chargeable income regulation 69 Social Security Regulations 2018
- Chargeable income exemptions (for temporary additional support) schedule 8, part 3 Social Security Regulations 2018
- income (definition) schedule 2 Social Security Act 2018
- Benefit of person affected is reduced by amount of overseas pension section 189 Social Security Act 2018
