Budget fact sheets 2008 - Overseas Pensions and payment of NZ Super and Veterans Pension overseas

The Government is investing an additional $6 million over the next four years into the payment of New Zealand Superannuation and Veterans Pensions overseas.

The change will provide New Zealanders with a greater choice about where they live or travel abroad in retirement.

Superannuitants wanting to move overseas will now be able to receive up to 100% of the full rate of payment rather than the current flat rate of 50%. Superannuitants who wish to travel to multiple countries will still be entitled to payment during their absence from New Zealand.