Go Back  British Expats > Living & Moving Abroad > New Zealand
Reload this Page >

Changes to NZ State Pension

Changes to NZ State Pension

Old Nov 3rd 2020, 9:43 pm
  #1  
BE Enthusiast
Thread Starter
 
chc4me's Avatar
 
Joined: Jan 2011
Location: New Zealand
Posts: 443
chc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond reputechc4me has a reputation beyond repute
Default Changes to NZ State Pension

Hi to all,

There are two main changes to NZ State Pensions (NZ Superannuation or NZ Super) that could impact retirees at age 65.

1. Non-Qualifying Partners: "Currently, some people getting NZ Super or Veteran's Pension can choose to include their partner who doesn't qualify for these, into their payments. From 9 November 2020, it's proposed people won't be able to include a non-qualifying partner into their payments. Instead, their partner would be able to apply for other kinds of assistance. You can still apply to include a non-qualifying partner in your NZ Super or Veteran's Pension payment up until the changes come into effect. There haven't been any changes to eligibility criteria right now. "
Up until 9th of November, it has been possible for one person aged 65 to claim the NZ Super, while their partner could claim a NZ Superannuation benefit as a "Non-Qualifying Partner" regards of age (subject to income limits as per the Work & Income criteria).

2. Overseas Pensions: "Currently, if your partner gets an overseas pension, this can affect your NZ Super or Veteran's Pension payment. This depends on the amount of their overseas pension. From 9 November 2020, it's proposed your NZ Super or Veteran's Pension won't be affected by your partner's overseas pension. This change means you'll be treated more as an individual."
This clause mainly had an effect on European State and Private Pensions. UK Private Pensions do not have any impact on NZ State pension benefits (this has not changed). Either way, it will help to clear up an issue that has plagued a small number of retirees (I understand that it is less than 600 people).
https://www.workandincome.govt.nz/ab...ayed.html#null
chc4me is offline  
Old Nov 4th 2020, 6:14 am
  #2  
Somewhere
 
BEVS's Avatar
 
Joined: Oct 2003
Location: Below
Posts: 35,766
BEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond reputeBEVS has a reputation beyond repute
Default Re: Changes to NZ State Pension

Originally Posted by chc4me View Post
Hi to all,

There are two main changes to NZ State Pensions (NZ Superannuation or NZ Super) that could impact retirees at age 65.

1. Non-Qualifying Partners: "Currently, some people getting NZ Super or Veteran's Pension can choose to include their partner who doesn't qualify for these, into their payments. From 9 November 2020, it's proposed people won't be able to include a non-qualifying partner into their payments. Instead, their partner would be able to apply for other kinds of assistance. You can still apply to include a non-qualifying partner in your NZ Super or Veteran's Pension payment up until the changes come into effect. There haven't been any changes to eligibility criteria right now. "
Up until 9th of November, it has been possible for one person aged 65 to claim the NZ Super, while their partner could claim a NZ Superannuation benefit as a "Non-Qualifying Partner" regards of age (subject to income limits as per the Work & Income criteria).

2. Overseas Pensions: "Currently, if your partner gets an overseas pension, this can affect your NZ Super or Veteran's Pension payment. This depends on the amount of their overseas pension. From 9 November 2020, it's proposed your NZ Super or Veteran's Pension won't be affected by your partner's overseas pension. This change means you'll be treated more as an individual."
This clause mainly had an effect on European State and Private Pensions. UK Private Pensions do not have any impact on NZ State pension benefits (this has not changed). Either way, it will help to clear up an issue that has plagued a small number of retirees (I understand that it is less than 600 people).
https://www.workandincome.govt.nz/ab...ayed.html#null

Thanks you.
So helpful as always.
I recommend this bloke through and through. I do.
BEVS is offline  
Old Nov 8th 2020, 11:54 pm
  #3  
BE Enthusiast
 
Joined: Jul 2008
Location: Auckland
Posts: 423
Clappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond reputeClappy has a reputation beyond repute
Default Re: Changes to NZ State Pension

Originally Posted by BEVS View Post
Thanks you.
So helpful as always.
I recommend this bloke through and through. I do.
Yes.
I have never had any dealings with them myself but I am always impressed by their informed and helpful commentary on this topic.
Clappy is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.