Rate payable in Malta

When New Zealand Superannuation or Veteran's Pension is paid to a client in Malta the rate of payment is calculated using the following formula:

• count the number of whole months of New Zealand Working age residence and

divide by

• 540 months and

multiply by

• the full maximum rate of payment

The minimum payment that can be paid is:

• 12/540 of the maximum rate of payment or
• 50% of the maximum rate of New Zealand Superannuation if the client was already receiving this amount under the General Portability provisions (in Malta) prior to the implementation of the agreement with Malta on 1 December 2013.

The maximum rate that can be paid is:

• 100% of the gross rate of New Zealand Superannuation or Veteran's Pension

Note if the client has a third country pension it is not directly deducted from the rate of New Zealand Superannuation or Veteran's Pension payable.

Extra help such as family tax credit, Best Start tax credit, Temporary Additional Support, Special Benefit or Disability Allowance cannot be paid in Malta and should be cancelled from the day after departure.

For more information contact International Services.