Example - New Zealand Superannuation and Veteran's Pension both qualify
Ihno and Margaret both qualify for New Zealand Superannuation in their own right at $492.14 (gross) each (at 1 April 2026). Margaret also gets Accommodation Supplement of $15.00 a week.
Ihno gets a German overseas pension of New Zealand $503.50 a week.
Ihno's German overseas pension is deducted from his New Zealand Superannuation rate. As it's higher than his New Zealand Superannuation rate, the rate of New Zealand Superannuation payable is zero.
Margaret's New Zealand Superannuation rate is not affected by Ihno's German overseas pension.
Table 1: Effect of overseas pension on New Zealand Superannuation
Ihno | Margaret | |
New Zealand Superannuation | $492.14 | $492.14 |
Less German pension | $503.50 | |
New Zealand Superannuation payable | $0.0 | $492.14 |
Excess German pension | ($11.36) |
Table 2: Effect of overseas pension on Accommodation Supplement
The excess amount of German overseas pension left over from table 1 is $11.36. This amount is deducted from Margaret's Accommodation Supplement, which means the rate of Accommodation Supplement payable is $3.64.
Accommodation Supplement | $15.00 |
Less excess German pension | $11.36 |
Accommodation Supplement payable | $3.64 |
Table 3: Total couple income
After the deductions in tables 1 and 2, the couple's total income is $999.28.
Ihno | Margaret | |
New Zealand Superannuation | $0.0 | $492.14 |
German pension | $503.50 | |
Accommodation Supplement | $3.64 | |
Total couple income | $999.28 | |
