If you live and work in New Zealand with no gaps overseas, this will be relatively easy. "They want their own OE. With new ways of working, and ability to travel, assessing one’s domestic reality may not be so straightforward.

This is something we already do with people getting payments like Jobseeker Support. It appears that this will be a similar situation for New Zealanders permanently based in Australia. Please note: Anyone can give feedback on this possible change. This means you may still come home to a debt if we don’t hear from you. The New Zealand Superannuation Scheme Not So Super? However for those who wish to travel overseas or set up a retirement for yourself outside of New Zealand, it is important to avoid establishing a new home overseas before you become eligible and apply for the NZ Super. New Zealand Superannuation is the jewel in the crown of our pensions system. Please tell us if you’re planning to travel for more than 26 weeks. This does not affect New Zealand Superannuation or Veteran’s Pension payments which can be paid to people travelling overseas for up to 26 weeks. We will still try to contact you before stopping your New Zealand Superannuation (NZS) or Veteran’s Pension (VP).

The kind of information we get from the New Zealand Customs Service, how it is transferred to us and what we use it for will stay the same.

Seniors can still get their New Zealand Superannuation or a Veteran’s Pension for up to 26 weeks while overseas. Thought that the NZ Super is a given on reaching 65? The bill, introduced by the previous Labour government, allows superannuitants and veteran pensioners living or travelling overseas to claim their full allowance. New Zealand and Australia have a social security agreement where a person who would otherwise be eligible for the NZ Super, who is now resident in Australia, can claim the Australian equivalent when reaching that qualifying age.
We would like to get your feedback about this proposal and make sure you're happy with this possible change. Time spent overseas in the armed forces, receiving medical treatment or training, working in an embassy or volunteering will count as residing in New Zealand for the calculation. The Social Assistance (Payment of Superannuation and Veteran's Pension Overseas) Amendment Bill was passed unanimously in Parliament today. Use our superannuation calculators and tools to find out your super balance might be at retirement and plan how to grow your super balance. Many New Zealanders would be surprised to learn that there are other criteria to meet before eligibility can be confirmed. These days it’s not uncommon to have close family and friends across the globe. Seniors travelling overseas can get extra payments like the Disability Allowance or Winter Energy Payment for up to 28 days before they're stopped. (Click on the image to enlarge it.). If you receive a benefit, you must let Work and Income know of your travel plans and your reasons for travel before departing New Zealand. Many people think of their super as an investment that takes care of itself but the choices you make about your super and investments could make a big difference to your quality of life in retirement. What will happen to your NZ Super if you travel overseas?

This is an example of how we stop extra payments for seniors going overseas at the moment.

Superannuitants and pensioners previously received 50 per cent of their allowances. This means MSD can stop a payment at the right time so seniors won't come home to a debt that needs to be repaid. whether you have a social or familial connection with New Zealand such as clubs or sporting memberships, friends and local community commitments. Kiwis living overseas will be impacted by a proposal to increase the minimum residency requirements for New Zealand superannuation. [1] New Zealand Superannuation and Retirement Income Act 2001, sections 7 and 8. The Approved Information Sharing Agreement (AISA) with NZ Customs is now live.
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Their entitlement would now be based on how long they lived in New Zealand between the ages of 20 and 65. However, the NZ Super has not yet caught up with the changing dynamic of Kiwi life leading up to and in retirement. In other words, having New Zealand citizenship or being a permanent resident who ordinarily pays tax in New Zealand is not enough. We would like to use the information we already get from Customs to stop extra payments after 28 days without giving notice. This means people will get paid the right amount and won’t come home to a debt that needs to be paid back. Please note: Anyone can give feedback on this possible change. You can even apply to have your NZ Super paid to you overseas in certain places. We get information from the New Zealand Customs Service (Customs) that helps us to know when to stop those extra payments. The changes do not affect people in Australia, Canada, Greece, the Netherlands, Jersey and Guernsey, Denmark, Ireland and the United Kingdom, with whom New Zealand has reciprocal agreements, or those in the Pacific Islands. We would like to get your feedback about this proposal and make sure you're happy with this possible change. Applicants could jeopardise their eligibility by spending too much time overseas and not maintaining a significant connection to New Zealand. What you are going to get depends on where you’re headed and how long you’ve been living in … This means people can get overpaid and have to pay the money back, which is frustrating for seniors and us. The most interesting paragraph is that your overseas pension will not be deducted while you travel (all quotes in quotation marks are from the WINZ website): “If you receive an overseas pension and you are going to travel through one or more countries for more than 26 weeks, any overseas pension you receive will generally not be taken into account. To be resident for the purposes of the NZ Super in Australia, you must be a New Zealand citizen with either a Special Category Visa or a permanent residence visa for Australia and be able to demonstrate a clear intention to permanently remain in Australia. People can still get extra payments like the Disability Allowance or the Winter Energy Payment for up to 28 days while overseas. Partners travelling must also inform Work and Income. To obtain the NZ super you not only must be 65 or older, but also ordinarily resident in New Zealand at the time of your application, and have resided in New Zealand for a period of 10 years or more after the age 20. Before heading overseas, check whether your NZ Super is safe. Retired New Zealanders who decide to travel the globe will be able to claim their superannuation as they go. When you have New Zealand Superannuation, you can go anywhere in the world and you can take up to 100% of your gross salary with you. From 20 April, for MSD clients who are stranded overseas because of COVID-19, their benefit, New Zealand Superannuation or Veteran’s Pension will continue to be paid or may be resumed where payments are on hold or have stopped, from the date that they expected to return to New Zealand (or earlier if that person is in severe hardship, or not at all if that person no longer qualifies). With the ease of travel it is no wonder many wish to head off overseas to see the world, especially in retirement when many finally have a break to do this travel. Under the Privacy Act, we need to give people getting New Zealand Superannuation or a Veteran's Pension 10 days’ notice before stopping their extra payments. [1] This seems simple enough, but the concept of ordinary residence in New Zealand for the NZ Super is different from say tax residency or residency in an immigration sense. Travelling overseas while receiving a Work and Income benefit.
We want to change how we stop making these extra payments, when seniors are overseas, by removing the 10 days’ notice period. "After a lifetime of working and dutifully paying taxes, they want more out of their golden years than just sitting in a rocking chair waiting for Coronation Street to start." The Supreme Court considered this issue and held that to determine if one is ordinarily resident is to establish where that person’s home is at the time of the application. We want to make it easier for seniors travelling overseas to manage their extra payments. Social Development and Employment Minister Paula Bennett said retirees today were not content "to be regaled by the adventurous tales of the overseas experiences (OE) of their grandkids". However for those who wish to travel overseas or set up a retirement for yourself outside of New Zealand, it is important to avoid establishing a new home overseas before you become eligible and apply for the NZ Super. Well not quite. Managing super. [2] Greenfield v MSD [2015] NZSC 139.

If you live and work in New Zealand with no gaps overseas, this will be relatively easy. "They want their own OE. With new ways of working, and ability to travel, assessing one’s domestic reality may not be so straightforward.

This is something we already do with people getting payments like Jobseeker Support. It appears that this will be a similar situation for New Zealanders permanently based in Australia. Please note: Anyone can give feedback on this possible change. This means you may still come home to a debt if we don’t hear from you. The New Zealand Superannuation Scheme Not So Super? However for those who wish to travel overseas or set up a retirement for yourself outside of New Zealand, it is important to avoid establishing a new home overseas before you become eligible and apply for the NZ Super. New Zealand Superannuation is the jewel in the crown of our pensions system. Please tell us if you’re planning to travel for more than 26 weeks. This does not affect New Zealand Superannuation or Veteran’s Pension payments which can be paid to people travelling overseas for up to 26 weeks. We will still try to contact you before stopping your New Zealand Superannuation (NZS) or Veteran’s Pension (VP).

The kind of information we get from the New Zealand Customs Service, how it is transferred to us and what we use it for will stay the same.

Seniors can still get their New Zealand Superannuation or a Veteran’s Pension for up to 26 weeks while overseas. Thought that the NZ Super is a given on reaching 65? The bill, introduced by the previous Labour government, allows superannuitants and veteran pensioners living or travelling overseas to claim their full allowance. New Zealand and Australia have a social security agreement where a person who would otherwise be eligible for the NZ Super, who is now resident in Australia, can claim the Australian equivalent when reaching that qualifying age.
We would like to get your feedback about this proposal and make sure you're happy with this possible change. Time spent overseas in the armed forces, receiving medical treatment or training, working in an embassy or volunteering will count as residing in New Zealand for the calculation. The Social Assistance (Payment of Superannuation and Veteran's Pension Overseas) Amendment Bill was passed unanimously in Parliament today. Use our superannuation calculators and tools to find out your super balance might be at retirement and plan how to grow your super balance. Many New Zealanders would be surprised to learn that there are other criteria to meet before eligibility can be confirmed. These days it’s not uncommon to have close family and friends across the globe. Seniors travelling overseas can get extra payments like the Disability Allowance or Winter Energy Payment for up to 28 days before they're stopped. (Click on the image to enlarge it.). If you receive a benefit, you must let Work and Income know of your travel plans and your reasons for travel before departing New Zealand. Many people think of their super as an investment that takes care of itself but the choices you make about your super and investments could make a big difference to your quality of life in retirement. What will happen to your NZ Super if you travel overseas?

This is an example of how we stop extra payments for seniors going overseas at the moment.

Superannuitants and pensioners previously received 50 per cent of their allowances. This means MSD can stop a payment at the right time so seniors won't come home to a debt that needs to be repaid. whether you have a social or familial connection with New Zealand such as clubs or sporting memberships, friends and local community commitments. Kiwis living overseas will be impacted by a proposal to increase the minimum residency requirements for New Zealand superannuation. [1] New Zealand Superannuation and Retirement Income Act 2001, sections 7 and 8. The Approved Information Sharing Agreement (AISA) with NZ Customs is now live.

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