Direct payment option

When a client is receiving a Jersey or Guernsey pension or benefit they can choose to have the Jersey/Guernsey pension or benefit paid directly to their own bank account.

Under this method of payment:

• clients can choose to have their Jersey/Guernsey pension or benefit paid once every 4 or 13 weeks
• payment will be converted at the rate of exchange applicable on the day the bank credits their account
• the client receives the gross rate of the Jersey/Guernsey pension or benefit and is responsible for any tax liability on it
• the amount deducted from the New Zealand benefit or pension will be based on an average exchange rate for the Jersey/Guernsey pension or benefit
• if the client is receiving New Zealand Superannuation or Veterans Pension the rate will be automatically recalculated in SWIFTT each month using an average of the Jersey/Guernsey exchange rates for the previous month
• if the client is receiving any other New Zealand benefit or pension International Services will manually review the rate periodically or when the client requests it
• there is no due/paid assessment at the end of each year to take into account the exact exchange rate that the Jersey/Guernsey pension or benefit was paid to the client
• when the Jersey/Guernsey pension or benefit is payable at two pounds or less per week the client will be paid once a year in December unless they choose to have it paid at 4 or 13 weekly intervals

For more information contact International Services or see:

• Direct deductions