New Zealand Superannuation and Veteran's Pension both qualify
Any deductible overseas pension payments a client is getting will be deducted from their own New Zealand Superannuation or Veteran's Pension.
If either client gets an overseas pension payment it will only affect their own rate of New Zealand Superannuation or Veteran's Pension and not their partner's rate of New Zealand Superannuation or Veteran's Pension.
If either client gets ongoing financial assistance such as Accommodation Supplement, Temporary Additional Support or Special Benefit then any excess of their overseas pension will reduce these as well (excluding Winter Energy Payment).
Example
Ihno and Margaret both get New Zealand Superannuation in their own right. Margaret also gets Accommodation Supplement paid to her.
Ihno gets an overseas pension and this does not affect Margaret's rate of New Zealand Superannuation, but any excess of his overseas pension is applied to and will reduce Margaret's Accommodation Supplement.
For more information on how to calculate:
For more information see:
Legislation
- Person affected by receipt of overseas pension section 188 Social Security Act 2018
- Benefit of person affected is reduced by amount of overseas pension section 189 (3)-(6) Social Security Act 2018
