Planning for retirement is an important step for everyone, and in New Zealand, the government provides help through NZ Superannuation. This pension is meant to support people aged 65 and above so they can have a steady income during their retirement years. It is not based on how much money or property a person owns, but it is still taxed like regular income.
Every year, the government looks at the cost of living and wages to decide if they need to change the NZ Super payment rates. In 2025, small increases have been made to help retirees cope with everyday expenses such as food, rent, and utilities. These changes are especially helpful since NZ Super is the main source of income for many older people.
In this article, we’ll explain the updated payment amounts, when the money will be deposited, how to apply, and how taxes affect your pension. Whether you’re planning ahead for retirement or just turned 65, knowing how NZ Super works can help you make smart financial choices.
Latest Updates on NZ Super for 2025
The NZ Superannuation is still one of the key support systems for older New Zealanders. As of 2025, the rates have been updated to reflect the current economy. This means retirees will get slightly higher payments than the previous year, helping them manage rising costs more easily.
This support is available to all eligible New Zealanders aged 65 and over, regardless of how much money they have saved. However, they must have lived in New Zealand for at least 10 years after turning 20, and five of those years must be after age 50.
New Payment Amounts for 2025
Here’s what pensioners can expect to receive in 2025. These amounts are before tax and depend on the person’s living situation:
Note: The actual amount you receive will depend on your tax code.
When You’ll Get Paid: 2025 Schedule
Payments are made every two weeks, usually on Tuesdays. If the scheduled day falls on a public holiday, you’ll receive your money earlier.
Here are the 2025 payment dates:
- January: 14th, 28th
- February: 11th, 25th
- March: 11th, 25th
- April: 8th, 22nd
- May: 6th, 20th
- June: 3rd, 17th
- July: 1st, 15th, 29th
- August: 12th, 26th
- September: 9th, 23rd
- October: 7th, 21st
- November: 4th, 18th
- December: 2nd, 16th, 30th
Why Rates Increased This Year
The increase in 2025 is a result of the government’s annual review. They adjusted the pension to match inflation and higher living costs. Though it’s a small boost, it helps retirees deal with more expensive essentials like groceries, housing, and medical care.
Still, the NZ Super payment might not be enough for some. Many retirees use savings, investments, or part-time work to cover all their expenses.
How to Apply for NZ Superannuation
You can start your application up to 12 weeks before your 65th birthday. There are two ways to apply:
Online Method:
- Create an account at MyMSD
- Collect documents such as ID, proof of residency, and bank account details.
- Complete the online application.
- Wait for confirmation. Your first payment usually arrives within two weeks after approval.
In Person:
- Visit a Work and Income service centre.
- Bring the same required documents.
- A staff member will help you complete the process.
Tax Rules You Should Know
NZ Super is counted as regular income, so it is taxed. Your tax code will affect how much money you actually get:
- If it’s your only income – use the ‘M’ tax code.
- If you earn extra income – use a secondary tax code.
It’s important to choose the correct code. If you’re not sure, talk to a tax expert to avoid unexpected tax bills later.