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NEW ZEALAND: Changes to Minimum Income Thresholds
November 19, 2018
Effective 26 November, the minimum income thresholds for essential skills work visas and skilled migrant residence visas are set to increase.
What are the changes?
Essential skills work visas
|Skill Level||Current Rate||26 November 2018||Visa Duration|
|Low-skilled employment (ANZSCO level 1-3)||Less than NZD 20.65/hour||Less than NZD 21.25/hour||12 months|
|Low-skilled employment (ANZSCO level 4-5)||Less than NZD 36.44/hour||Less than NZD 37.50/hour||12 months|
|Mid-skilled employment (ANZSCO level 1-3)||Less than NZD 20.65 – 36.43/hour||Less than NZD 21.25 – 37.49/hour||3 years|
|High-skilled employment (Any ANZSCO level)||At least NZD 36.44/hour||Less than NZD 37.50/hour||5 years|
Skilled migrant residence visas
|Skill level||Current rate||26 November 2018|
|Skilled employment at ANZSCO level 1-3.||NZD 24.29/hour||NZD 25.00/hour|
|Skilled employment at ANZSCO levels 4-5 (or where there is no matching ANZSCO code).||NZD 36.44/hour||NZD 37.50/hour|
Employers are advised to review the salaries of their foreign employees holding essential skills work visas or skilled migrant residence visas.