Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Benefits, Superannuation To Increase From April 1

Benefits, Superannuation To Increase From April 1

Payments for beneficiaries, superannuitants and veterans will increase by between about $4 and $13 a week from April 1, Social Services and Employment Minister Steve Maharey said today.

¡§The rise will help ease some of the financial pressures beneficiaries and others have been under recently,¡¨ said Mr Maharey. ¡§Not only do main benefits and payments go up, but a number of supplementary allowances also increase.¡¨

Benefit payments, student allowances, NZ Superannuation/Veteran¡¦s Pension and war pensions all increase from April 1 as part of the annual cost of living adjustment.

The increase of 3.98 percent in the net rates equates to the increase in the cost of living for the year to December 2000 as measured by the Consumer Price Index (CPI).

Examples of the increases in the after-tax weekly rates are:

„h for an unemployed person receiving the community wage, or a full time student living away from home aged over 25, up $5.92 to $154.56;
„h for a married couple on the community wage with no children, up $9.86 to $257.58;
„h for a single person aged 18-19 years on the community wage living at home, up $3.94 to $103.03;
„h for a single person over 18 receiving the invalid¡¦s benefit, up $7.39 to $193.18;
„h for a sole parent with one child, up $8.47 to $221.37;
„h for a married couple who both qualify for New Zealand Superannuation, up $13.82 to $360.82; and,
„h for a war disablement pensioner receiving 100% disability rate, up $5.85 to $152.75.

The net fiscal cost of the benefit payments, student allowances, NZ Superannuation/Veteran¡¦s Pension and war pensions increases each year over the next two years is about $364 million a year.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>


Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>


Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>


Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>





InfoPages News Channels