NZ Super 

Kaupapahere me te rangahau | Policy and Research

NZ Super is a pension for the over 65s.


It has been in place, in more or less the same form, since the major welfare reforms of 1938. It is a cash payment that is not means-tested and has some residency-based eligibility criteria. The OECD refers to retirement income schemes as either tier 1, 2, or 3 schemes based on the objectives they aim to achieve. NZ Super is a ‘tier 1’ benefit as it aims to protect from poverty in old age. Tier 2 aims to ensure the adequacy of retirement income and tier 3 aims to raise the individual income replacement rate.

A snapshot of Aotearoa New Zealand’s superannuation history


Aotearoa New Zealand has had a pension system in place since the late 19th century aimed at preventing poverty amongst older people. Through the Social Security Act 1938 a two-tier public pension system was introduced that would last for nearly four decades. It featured a means-tested pension (Age Benefit) and a smaller universal superannuation payment.

Over the years, successive governments made various adjustments to the retirement pension schemes, including shifts in the ages of eligibility, increasing and then decreasing contributions, tax concessions, and changes to the percentages of wage ratios applied against pensions. Changes were made in the 1970s that created the New Zealand Superannuation [NZ Super] that we have today.

The beginning of the 21st century saw the establishment of the NZ Super Fund and KiwiSaver which have become the most significant innovations in retirement income initiatives in our recent history.

A more detailed account of the history of Aotearoa New Zealand’s retirement income, spanning 1898 to 2008, can be found in this earlier research paper commissioned by the Retirement Commission.

New Zealand Super while travelling or moving overseas


Most people who receive NZ Super can still receive some NZ Super payments while overseas providing they have followed the rules before departing New Zealand. More details on receiving NZ Super in these circumstances can be found in our downloadable resource, and on the Work and Income website.

NZ Super research from previous RRIPs


A report prepared by MSD for the 2019 RRIP, provides an overview of public provision for retirement income in New Zealand. Download the report.

Another report commissioned for the 2019 RRIP considers the fiscal sustainability of current New Zealand superannuation settings. Download the report.