Thousands of New Zealand retirees are set to receive increased NZ Superannuation payments. The NZ Super Increase June 2025 reflects changes linked to inflation adjustments and wage growth benchmarks. These updated pension rates aim to maintain a fair standard of living for Kiwis over 65, ensuring the superannuation system keeps pace with the cost of living.
The government has reviewed the payment framework to align with recent economic shifts, and the changes are officially in effect from June 10, 2025. If you’re receiving NZ Super or planning to apply soon, it’s essential to understand what’s changing and how it affects your finances.
Updated NZ Super Pension Rates for June 2025
The new pension rates reflect adjustments based on wage inflation. Whether you’re living alone or with a partner, the NZ Super Increase June 2025 brings a noticeable boost in weekly payments.
| Recipient Type | Previous Rate (Before Tax) | New Rate (Before Tax) | Net Weekly Payment (M Code) |
|---|---|---|---|
| Single Living Alone | $521.70 | $540.10 | $495.52 |
| Single Sharing | $480.88 | $498.30 | $456.91 |
| Partnered (Each) | $400.87 | $415.20 | $380.76 |
These are base rates before tax. Actual payments depend on your specific tax code and any additional income you may have.
June 2025 Payment Schedule for NZ Super
If you’re already receiving NZ Super, your payments are deposited every second Tuesday. The payment schedule for the remainder of June 2025 is as follows:
- Tuesday, 10 June 2025
- Tuesday, 24 June 2025
Future dates will continue bi-weekly. It’s always a good idea to check MyMSD or your bank statements to confirm exact payment receipts.
How Tax Codes Impact Your NZ Super Payments
NZ Super isn’t exempt from tax. The tax codes applied to your pension depend on your total income and whether you have other sources of taxable earnings. The most common tax code for NZ Super recipients is “M”—used when Super is your only income.
If you have a secondary income source, you may fall under a different code such as “S” or “SH”. Using the wrong tax code can result in overpayment or underpayment of tax, so it’s important to review your tax situation annually.
Who’s Eligible for the NZ Super Increase in June 2025?
To qualify for the NZ Super Increase June 2025, you must meet the general eligibility criteria for NZ Super:
- Be aged 65 or older
- Be a legal resident or citizen of New Zealand
- Have lived in New Zealand for at least 10 years since age 20 (with 5 of those years after turning 50)
Those turning 65 before June 24, 2025, will start receiving the updated rates upon approval. Applications can be submitted online through the Work and Income portal.
Planning Ahead: Budgeting with the Updated Pension
With higher pension rates kicking in, retirees are encouraged to revisit their monthly budgets. Even a modest increase can be an opportunity to save a bit more, cover health expenses, or afford essential services. It’s also worth considering whether you should adjust any auto-payments or savings contributions based on your new income level.
Conclusion
The NZ Super Increase June 2025 brings welcome news for pensioners navigating rising living costs. With higher pension rates, a reliable payment schedule, and clarity on tax codes, this update offers greater financial stability for older New Zealanders. Staying informed ensures you make the most of your entitlement.
FAQs
How do I check my current NZ Super tax code?
You can find your tax code on your latest NZ Super payment advice or by logging into your MyIR account on the Inland Revenue website.
Will the increase affect other benefits I receive?
It may. Increases in your NZ Super can impact your eligibility for supplementary assistance or accommodation supplements. It’s best to speak with Work and Income if you’re unsure.
Can I still receive NZ Super while working part-time?
Yes. You can earn income while receiving NZ Super, but your overall income may affect your tax rate or entitlement to other benefits.
What if I move overseas temporarily—do I still receive NZ Super?
Possibly. You can receive NZ Super while overseas for short periods, but longer absences require special arrangements under portability rules or social security agreements.
Do I need to apply to get the increased pension rate?
No application is needed if you’re already receiving NZ Super. The updated rates are automatically applied to all current recipients.
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