New Zealand pension conditions

Recently, the New Zealand Parliament is deliberating the New Zealand Pension and Retirement Income (Fair Residence Right) Amendment for the second time, which has aroused widespread concern in the immigrant community, which concerns the vital interests of our immigrant friends.

In short, the main content of the current bill is to increase the number of years of residence for receiving pensions from the existing 10 years to 20 years, and gradually adopt the policy of increasing by grades according to the date of birth.

For example, if you are 64 years old this year, the threshold of your pension is still 10 year, which is not affected. However, if you are 62-63 years old this year, you may have to face this threshold and raise it to 65,438+065,438+0 years old, and so on.

If you are under 45 this year, your pension requirement will be 20 years. (See the picture below for details)

At present, the bill will continue to be voted in Congress, but in its current form, it is a foregone conclusion. All parties in Congress voted in favor, and the bill will be passed with a high probability.

As can be seen from the above figure, the time node is on June 30th, 202 1 year. What is most affected is our post-80s and post-90s generation. At least 20 years of youth should stay in this land of New Zealand. Is it still so fragrant to choose immigrants and fight for PR and old-age insurance in Xincun? -Torture from the soul is a matter of opinion.

By the way, today I'll tell you something about pensions in New Zealand.

New Zealand Social Welfare-Pensions

New Zealand pension consists of two parts: pension.

(government subsidies) and Kiwisaver. What China friends are familiar with is that Superannuation, that is, pension and retirement pension, also known as "government allowance", is a voluntary saving behavior of New Zealand residents, and its sources of funds are from three aspects: individuals, employers and the government. Today, we talk about government-subsidized pensions in New Zealand. This part of the government subsidy is to ensure the basic living needs of New Zealand residents after retirement.

New Zealand pensions are paid by the Work and Income Bureau under MSD (Ministry of Social Development) (equivalent to social security bureaus in Ministry of Human Resources and Social Security, China and Ministry of Human Resources and Social Security).

The New Zealand government stipulates that if the following conditions are met, you can apply for a pension and get a super gold card, also known as a gold card.

At least 65 years old

Become a New Zealand citizen or permanent resident of New Zealand.

Have lived in New Zealand for more than 10 years after reaching the age of 20.

Of the 10 years of residence in New Zealand, 5 years must be after the age of 50.

After getting the gold card, you can enjoy the preferential treatment given by local policies in different aspects, such as free bus ride.

If the country where you lived before has a social security agreement with New Zealand, you can also enjoy the New Zealand pension if you have lived in New Zealand for less than 10 years.

If you have served in the military service in New Zealand, you will be eligible for additional allowances, and your gold card will be different from ordinary gold cards.

One more thing: Super Gold Card can enjoy many things, and thousands of merchants all over the country can enjoy discounts or even free of charge. It can be said that it basically covers water and electricity, transportation, insurance, food, medical care, transportation, travel, etc., covering all aspects of life. Moreover, not only in New Zealand, but also in Australia with a super gold card, you can enjoy various benefits and discounts!

Distribution standard

The new Zealand pension standards implemented in April 1, 20265438 are as follows. Usually, the common personal tax type code is M. Under this code, the pension is paid every two weeks and automatically remitted to your bank account.

The pension system is not linked to personal income, but only related to personal living conditions:

Singles living alone get NZD every two weeks before and after tax.

Both husband and wife meet the requirements of New Zealand pension, and each person has New Zealand dollars before and after tax every two weeks.

One of the husband and wife meets the pension requirements, and each person has NZD before tax and after tax every two weeks.

In winter, there will be additional subsidies for heating costs, and the couple will get New Zealand dollars together with their pensions every week.

In New Zealand, because the pension is not linked to personal income, you can retire endlessly. As long as you practice, you can always work. Pensions can also be received all the time, without losing a penny.

Here is also a warm reminder: eligible applicants can apply a few weeks in advance, and they have to queue up to receive pensions. When you are 65, they may not start paying on time. If you apply after the age of 65, the government will not reissue the missing part.

How to apply

Contact the Ministry of Social Development.

Fill in and submit the form online:

Toll-free number: If you are over 65, please call 0800 552 002. If you use Cantonese, please call 0800 664 004. If you use Mandarin, please call 0800 6 1 00 1.