As the cost of living continues to rise across New Zealand, the government has confirmed an increase in Superannuation payments starting April 1, 2025. This annual adjustment is aimed at providing greater financial security to retirees, ensuring their pensions reflect inflation and wage growth trends.
Whether you’re already receiving NZ Super or planning to apply soon, this guide breaks down everything you need to know—from updated payment rates to eligibility and how to apply through MyMSD.
What Is New Zealand Superannuation?
New Zealand Superannuation (NZ Super) is a fortnightly government pension paid to eligible residents aged 65 and older. It is designed to support individuals during retirement and is not income or asset tested, meaning you can still work and earn while receiving it.
Each year, the government adjusts NZ Super rates to keep pace with changes in wages and the Consumer Price Index (CPI), offering retirees a fairer standard of living.
How Much Will You Receive in 2025?
Starting April 1, 2025, new NZ Superannuation rates (after tax, using the M tax code) will apply. Here’s how much you can expect to receive per fortnight:
| Recipient Type | 2024 Rate (approx.) | 2025 Rate | Increase |
|---|---|---|---|
| Single (Living Alone) | $1,021.52 | $1,038.94 | +$17.42 |
| Single (Sharing Accommodation) | $942.32 | $959.02 | +$16.70 |
| Couple (Both Qualify, Combined) | $1,566.60 | $1,598.36 | +$31.76 |
| Couple (Only One Qualifies) | $783.30 (per person) | $799.18 | +$15.88 |
These payments are adjusted yearly to ensure they align with 66% of the net average wage, making sure pensioners keep up with rising living expenses.
Who Is Eligible for NZ Superannuation in 2025?
To receive NZ Super, you must meet all the following criteria:
- Age Requirement: You must be 65 years or older.
- Residency: Must be a New Zealand citizen, permanent resident, or hold a residence class visa.
- Living Location: Must be ordinarily living in New Zealand, the Cook Islands, Niue, or Tokelau.
- Residency Duration: Must have lived in NZ for at least 10 years since age 20, including 5 years after turning 50.
Keep in mind that changes in residency rules may be introduced in future budgets. Always refer to Work and Income NZ for the latest policy updates.
Payment Dates for March & April 2025
NZ Super payments are made every second Tuesday. Below are the confirmed and upcoming dates for March and April 2025:
- March: 11th, 25th
- April: 8th, 22nd
Payments are directly deposited into the bank account listed on your application. If a scheduled payment falls on a public holiday, expect it to arrive on the next business day.
How to Apply for NZ Super in 2025
Planning to turn 65 soon? You can apply for NZ Super 12 weeks before your birthday. Follow these steps:
Step-by-Step Application Process
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Confirm Eligibility
- Check your age, residency, and time lived in NZ.
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Collect Required Documents
- Proof of identity (passport or birth certificate)
- IRD number
- Bank account details
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Apply Online via MyMSD
- Set up an account and complete the Superannuation form.
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Attend an Interview (if needed)
- Some applicants may be asked to visit a Work and Income office.
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Get Paid
- Once approved, your payment will begin from the day you turn 65, if applied on time.
Planning for Retirement: What You Should Know
Tax on NZ Super
NZ Super is taxable income, so ensure you’re on the correct tax code. You can use the M tax code by default unless you have additional income streams.
Can You Work While Receiving NZ Super?
Yes. You can continue working full- or part-time while still receiving NZ Super. However, additional earnings may impact other benefit entitlements.
KiwiSaver Access
At 65, you’re also eligible to withdraw from your KiwiSaver, giving you more flexibility in managing your retirement income.
Accommodation Supplements & Disability Allowance
If you’re still facing financial challenges, consider applying for Accommodation Supplements or a Disability Allowance through Work and Income NZ.
FAQs
What is the new NZ Super rate for someone living alone?
From April 1, 2025, singles living alone will receive $1,038.94 per fortnight.
Can I receive NZ Super and still work?
Yes, you can work while receiving NZ Super. Your wages won’t affect your pension, but they could influence other support payments.
When are payments made?
Payments are made fortnightly on Tuesdays, with upcoming dates in March and April 2025 being the 11th, 25th, 8th, and 22nd.
Do I need to reapply each year?
No. Once you’re approved, payments continue automatically unless your circumstances change (e.g., moving overseas long-term).
Can I apply early?
Yes. Apply 12 weeks before your 65th birthday to avoid payment delays.
What happens if I move overseas?
Rules differ depending on the country. Some agreements exist, but moving permanently could affect eligibility.
Is NZ Super taxed?
Yes. Payments are subject to income tax under the M tax code.
Where do I apply?
Apply online through MyMSD or visit a Work and Income office if needed.
Click here to know more.
Aanchal is a passionate writer with a keen interest in storytelling, content creation, and creative expression. She enjoys exploring diverse topics and crafting engaging narratives that captivate readers.