The new financial requirements for the Parent Resident Visa can only be met through the income of the sponsor and their partner.
Here is a comparison of the previous and the new financial requirements, based on a median salary of NZD $53,040:
| Sponsor | Previous | New (expected income thresholds) | |
|---|---|---|---|
| 1 sponsor for 1 parent (sponsor’s income) | NZD $65,000 | NZD $106,080 | 2 times the median salary |
| 1 sponsor for 2 parents (sponsor’s income) | NZD $65,000 | NZD $159,120 | 3 times the median salary |
| Sponsor and partner for 1 parent (joint income) | NZD $90,000 | NZD $159,120 | 3 times the median salary |
| Sponsor and partner for 2 parents (joint income) | NZD $90,000 | NZD $212,160 | 4 times the median salary |
| Guaranteed lifetime income of 1 applicant or of a couple | NZD $28,166 or NZD $41,494 |
Not available in new parent category | |
| Settlement funds | NZD $500,000 | Not available in new parent category | |
Apr 4,2020
