Example assessing cash assets
An 18 year old client with no income caring for aged parents.
Each parent is getting New Zealand Superannuation (both qualify) and have joint cash assets of $20,000.
Parents assets minus exemption Total | $20,000 - $5,400 = $14,600 |
Assessed income | |
$5.20 a year for each $10 in excess of $5,400 (ie $14,600/10 x $5.20) | $7,592.00 |
Add New Zealand Superannuation married rate payable (gross as at 1 April 2026) | $51,182.56 |
= total income | $58,744.56 |
Minus income exemption $2,600.00 + New Zealand Superannuation married rate $51,182.56 (gross as at 1 April 2026) | $53,782.56 |
Equals excess | $4,962.00 |
Assessed contribution ($1.00 for each $2.00 of excess) | $2,481.00 |
Benefit payable to client (Supported Living Payment - caring for a person), (net as at 1 April 2026) | $22,079.20 |
Minus assessed contribution | $2,481.00 |
= Reduced benefit payable (yearly) | $19,598.20 |
Note this is an example only.
