New Zealand Superannuation : Contents
Annual income due paid assessment over 27 September 2010 period
When completing a due paid assessment of New Zealand Superannuation over the 27 September 2010 period you need to:
1. Calculate the income deduction for the weeks prior to 27 September 2010.
2. Calculate the income deduction for the weeks from 27 September 2010.
3. Add the two deductions from step 1 and 2 together to get the annual income deduction.
The income to be charged for each of these periods must be totalled and compared with actual income for the year to establish whether an underpayment or overpayment has occurred.
Annual income prior to 27 September 2010
Prior to 27 September 2010:
- income less than $4160 gross per year will not affect their benefit
- income over $4160 gross per year reduced benefit by 70 cents for every $1.00 of income
For more information see:
