2020 Income Thresholds for Immigrating to New Zealand
Last year, 7 343 South Africans immigrated to New Zealand [1]. This number is expected to climb this year. While immigrating to New Zealand is an exciting prospect, it does require adequate preparation. Whether you are applying for either an Essential Skills Work Visa or a Skilled Migrant Category Visa, you need to first meet the minimum income threshold.
What Is a Minimum Income Threshold?
There are certain requirements one must meet to qualify for either of these visas. One such requirement is called the “remuneration threshold”. In other words, immigrants must earn a certain minimum income.
New Zealand uses the Australian and New Zealand Standard Classification of Occupations (ANZSCO) code to determine the skill level of jobs. This code ranks jobs on a skill level scale of 1 to 5. The minimum income threshold required by immigrants is determined by the skill level of their occupation.
2020 Minimum Income Threshold Amounts
On 24 February 2020, the minimum income/remuneration thresholds for the Essential Skills Work Visa and the Skilled Migrant Category Visa will increase by NZ $050 and NZ $0,75 per hour respectively.
2019 Thresholds
- Occupations at ANZSCO skill levels 1 to3: NZ $25,00/hour (NZ $52 000/year)
- Occupations at ANZSCO skill levels 4 to 5: NZ $37,50/hour (NZ $78 000/year)
2020 Thresholds
- Occupations at ANZSCO skill levels 1 to 3: NZ $25,50/hour (NZ $53 040/year)
- Occupations at ANZSCO skill levels 4 to5: NZ $38,25/hour (NZ $79 560/year)
If you are interested in immigrating to New Zealand, don’t hesitate to contact Tri-Nations Migrations. The immigration process can be confusing, but you don’t need to go through it alone. We are here to help.
