Beneficiary pay on the rise

TRACY WATKINS
Last updated 15:38 18/03/2014

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More than a million pensioners and beneficiaries will get a pay rise from April 1 - including a $14.60-a-week rise in income for married superannuitants or $9.50-a-week for single pensioners.

Social Development Minister Paula Bennett announced the new rates today after an annual cost-of-living adjustment.

The adjustment will be a 1.38 per cent increase to benefit rates, student allowances, student-loan living costs and the foster-care allowance and will also raise the rates and thresholds for supplementary assistance and the community services card.

Bennett said the rate for superannuitants and the veterans pension would rise by 2.66 per cent, in line with the Government's commitment to keep the married couple rate at at least 66 per cent of the average wage.

That would take the gross married rate to $638.46 a week or $564.52 after tax. The gross rate for single pensioners living alone would rise to $421.76 or $366.94 after tax.

A full list of the new rates and thresholds was at www.workandincome.govt.nz

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