Korean benefits in New Zealand

When a former resident of Korea applies for a New Zealand benefit or pension it is important to know whether they are getting or may be entitled to a Korean old age benefit or any other Korean benefit or pension.

A client who has previously resided in Korea must complete details of their residence in Korea, and any other country of residence on the application form when they apply for any New Zealand benefit or pension.

The overseas residence details must be entered in CMS. These details are used by International Services to assess whether the client may be entitled to a Korean old age benefit or any other benefit or pension from another country.

If the client is already getting an overseas pension you should find out the details to check whether this pension should be a direct deduction from their New Zealand benefit or pension.

Korean benefits not covered by the agreement may still be paid in New Zealand. These payments may be deductible from New Zealand Superannuation, Veteran's Pension or other New Zealand benefits. Periods of contributions in Korea cannot be totalised to meet residence qualifications for a New Zealand benefit such as Jobseeker Support.

Note the agreement with Korea only allows for the exchange of information in relation to the Korean Old Age Benefit, New Zealand Superannuation and Veteran's Pension. Information on other Korean benefits and pensions and New Zealand benefits cannot be exchanged between New Zealand and Korea. Any information will need to be provided by the client.

For more information contact International Services