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Payments from overseas : Contents

Other payments

When a client is getting other payments, such as interest or rent from investments or properties they own overseas, the payments will be treated in the same way as income earned in New Zealand.

You need to convert the income to New Zealand dollars using the current exchange rate. This can be found using the SELXT screen in SWIFTT.

Note to calculate the NZ dollar amount you will need to multiply the overseas currency by the exchange rate. For more information see: Exchange rates

If the particular country is not available, or you are unsure how the calculation works you should contact International services

For more information see:

Legislation

  • income (definition) schedule 2 Social Security Act 2018
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The contact details for International Services are:

From New Zealand 0800 777 227 (free calling within New Zealand only)

From Australia 1800 150 479

From other countries +64 4 978 1180

Email international_services@msd.govt.nz

Postal

International Services
Ministry of Social Development
PO Box 27178
Wellington 6141
New Zealand

Fax 04 918 0159

Note when calling from overseas replace the '+' with the international direct dial prefix for the country you are in.

Sell Exchange Rates Table screen

You can use this screen to convert foreign currency into an estimate of New Zealand dollars.