NZ Superannuation Is Scheduled to Increase in May 2025: Here’s Who Will Get Increased Pay. The government has announced the NZ Superannuation rates and schedule for May 2025. The government has made necessary changes in the amounts for NZ Superannuation. These payments are made fortnightly and are tied to CPI and wage growth. To know complete details about the NZ Superannuation, its eligibility, schedule, and payment amount, keep reading the article “NZ Superannuation is Scheduled to Increase in May 2025: Here’s Who Will Get Increased Pay.”
NZ Superannuation Is Scheduled to Increase in May 2025
Superannuation in New Zealand is the state pension provided to eligible citizens. The amount is boosted for NZ Super in 2025. As part of the government’s Annual General Adjustment, pension payments will increase to reflect the rising cost of living. This yearly adjustment assists in making sure the retirees can better manage daily costs in the pace of inflation and wage growth. The NZ Super is funded by current taxpayers and assists retirees in maintaining a basic standard of living as they transition out of the workforce.
The payment is mainly for citizens and permanent residents aged 65 and over. It guarantees that retirees have a consistent income after leaving the workforce, helping to manage daily living expenses, from rent and food to healthcare and transport. The main objective of this payment is to provide monetary aid to people struggling with economic pressure and household budgets.
Eligibility Criteria: Here’s Who Will Get Increased Pay
To be qualified for the NZ Super, an individual needs to meet the eligibility criteria as follows:
- Age Requirement: The individual must be 65 years old or older at the time of applying.
- Citizenship or Residency: Applicants must:
- Be a New Zealand citizen or hold permanent residency.
- Have lived in New Zealand for a minimum of 10 years since turning 20.
- Have resided in the country for at least 5 years after age 50.
- The international social security agreements in New Zealand may also allow residency in some partner countries (such as Australia and the UK) to count toward the required period.
- There is no income or asset test or requirement for previous employment history.
Increased Amount
| Particulars | Weekly Amount (gross/before tax) | Fortnightly Amount (gross/before tax) | Annual Amount (gross/before tax) | Annual Amount (after tax, with total income up to $53,500 p.a. using tax code ‘M’) |
| Single (living alone or with a dependent child) | $627.14 | $1,254.28 | $32,611.28 | $27,994.53 (or $538.36 weekly) |
| Single (living with someone who is not a partner) | $576.80 | $1,153.60 | $29,993.60 | $24,876.82 (or $497.63 weekly) |
| Couple—Both you and your partner meet the criteria for NZ Super | $476.47 (each) | $952.94 (each) | $24,776.44 (each) | $21,656.14 (or $416.46 weekly) |
| Couple—Only one of you meet the criteria for NZ Super | $476.47 (for the eligible person only) | $952.94 (for the eligible person only) | $24,776.44 (for the eligible person only) | $21,656.14 (or $416.46 weekly for the eligible person only) |
Payment Schedule
Payments are issued every second Tuesday. If a due date falls on a public holiday, the payment is usually processed the previous working day.
| Month | Payment Dates |
| January | 14th January 2025 28th January 2025 |
| February | 11th February 2025 25th February 2025 |
| March | 11th March 2025 25th March 2025 |
| April | 8th April 2025 22nd April 2025 |
| May | 6th May 2025 20th May 2025 |
| June | 3rd June 2025 17th June 2025 |
| July | 1st July 2025 15th July 2025 29th July 2025 |
| August | 12th August 2025 26th August 2025 |
| September | 9th September 2025 23rd September 2025 |
| October | 7th October 2025 21st October 2025 |
| November | 4th November 2025 18th November 2025 |
| December | 2nd December 2025 16th December 2025 30th December 2025 |
How to Apply?
You can apply for superannuation 12 weeks earlier than your 65th birthday or if you’ve already turned 65. Once you contact Work and Income, you have 20 days to complete your superannuation application. The procedure is as follows:
- Use the NZ eligibility tool to confirm if you’re eligible for the NZ Super payment. Proceed further only if you’re eligible.
- You need a client number (you may already have one if you’ve dealt with Work and Income before). If not, complete the online form to get one.
- Now register or log in to MyMSD. Complete the application form displayed on the screen.
- Provide information about personal and banking details of you and your partner if you weren’t born in New Zealand.
- Provide the required documents as needed. The documents you’ll need are
- Valid ID (passport or driver’s license)
- Proof of NZ residency
- IRD number
- After submitting the application, wait for the confirmation. Upon confirmation, you will get your first payment date.
- If the payment is missing on the scheduled date, contact Work and Income for support.