From next week, more than 900,000 pensioners across New Zealand—including many right here on the Hibiscus Coast—will see a boost in their regular payments.

The increase, announced by Social Development and Employment Minister Louise Upston, is part of the Government’s Annual General Adjustment (AGA), designed to help with rising living costs.

Starting 1 April, New Zealand Superannuation and Veteran’s Pension rates will rise by about 3 per cent.

That means an uplift for 933,200 superannuitants and 4,900 veterans across the country.

Coasties receiving these payments can expect a little extra in their bank accounts next Tuesday.

Minister Upston said the AGA adjustments will benefit around 1.5 million New Zealanders in total this year.

The increases are tied to inflation and wage growth, ensuring support payments keep pace with living expenses.

In addition to pensioners and veterans:

• 409,300 people receiving main benefits will get a higher payment.
• 47,400 students will see their allowances go up.
• 70,000 non-beneficiaries who get supplementary assistance will also be better off.

The latest adjustment reflects a 2.22 per cent rise in the Consumer Price Index (CPI) for the year ending December 2024.

However, pension payments are set slightly higher because they are partly based on movements in the net average wage.

Minister Upston acknowledged that times have been tough for many.

“This uplift will help many with household budgeting,” she said.

Coast locals on superannuation or other MSD payments don’t need to do anything—adjusted rates will be applied automatically.

For more details, visit the Ministry of Social Development’s website or contact their support services.

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