Immigration New Zealand (INZ) has announced changes to the remuneration thresholds associated with both the Essential Skills Category (work visas), as well as the Skilled Migrant Category (resident visas).
With effect from 26 November 2018, the following threshold requirements will apply to applicants applying for work visas under the Essential Skills Category:
- Higher skilled – up to 5 years’ visa duration – $37.50+ per hour (or equivalent annual salary), regardless of the ANZSCO classification of the position of employment; or
- Mid-skilled – up to 3 years’ visa duration – $21.25 to $37.49 per hour (or equivalent annual salary), where the position of employment is classified as ANZSCO skill level 1, 2 or 3; or
- Lower-skilled – up to 12 months’ visa duration – less than $21.25 per hour (or equivalent annual salary) where the position of employment is classified as ANZSCO skill level 1, 2 or 3; or less than $37.50 per hour (or equivalent annual salary) where the position of employment is classified as ANZSCO skill level 4 or 5.
With effect 26 November 2018, the following threshold requirements will apply to applicants applying for resident visas under the Skilled Migrant Category:
- Occupations classified as ANZSCO skill level 1, 2 or 3 – $25.00+ per hour (or equivalent annual salary).
- Occupations classified as ANZSCO skill level 4 or 5 – $37.50+ per hour (or equivalent annual salary).
- Occupations not included in the AZNSCO – $37.50+ per hour (or equivalent annual salary).
- Bonus points for high remuneration – $50+ per hour (or equivalent annual salary).
It is important for employers and visa applicants alike to be aware of the increased remuneration thresholds and, for those who may be affected by the new thresholds, to act swiftly in lodging their visa applications before 26 November 2018.
The income threshold rates will likely continue to be reviewed on a regular basis, depending on economic factors, and will likely be adjusted again towards mid 2019.
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