Charging income

Veteran's Pension is income tested when:

• the client is under 65 years of age

and

• was getting a Veteran's Pension when the War Pensions Act 1954 was replaced by the Veterans' Support Act 2014 on 7 December 2014 and
• has chosen to continue to get Veteran's Pension instead of weekly income compensation from Veterans Affairs

or

• a client aged 65 years or older has included their grandparented non-qualified partner

Payments from a Friendly Society or similar organisation of up to $104 a year can be disregarded.

Deduct this amount from the client's gross income before abatement.

Veteran's Pension clients who are under the qualifying age for New Zealand Superannuation have their income (and their partner's, if any) charged at the following rates:

• 30 cents is taken from the benefit for each $1.00 of combined income the client (and their partner) earn over $160 per week ($8,320 per year), but not more than $250 per week ($13,000 per year) and
• 70 cents for each $1.00 of combined income over $250 per week ($13,000 per year)

When a veteran who meets the age and service criteria for Veterans Pension has a grandparented non-qualified partner included in their Veteran's Pension, their income (and their partners) is charged at the following rate:

• 70 cents for each $1.00 of their combined of income over $160 per week

For more information see: