Ex gratia and compensation payments
a letter from the organisation which made the payment including:
the payment amount
date received
organisation that made the payment, or
a bank statement, or
screenshot from their online banking.
ACC – Accident compensation
a letter from ACC.
982)
There are many types of income, but these are not always charged the same way. Some income/payments a client receives
are excluded as income. For more information see: Types of income.
Acceptable asset evidence
Asset evidence must show:
the name of the person who owns the asset
a description of the asset
the value of the asset
any money owed against the asset.
Examples of acceptable evidence for assets are:
term deposit statement
bank account statement showing the current balance of all bank accounts
share certificate
latest valuation and mortgage balance on a rental property’s net equity - see more information below.
Net equity
To determine net equity of a house, boat, vehicle or caravan, we will need the:
latest rates or GV (Government Valuation) notice for the property to determine its value or the amount insured whichever is
greater
current balance on all mortgages owed against the property
the insured value of the leisure boat or caravan, or
a written valuation from a boat or caravan dealer
the estimated value of the vehicle
For more information see: Net equity
under the Official Information Act
Applying for on going financial assistance
If the client ceases employment and does not have or is unable to provide their income evidence; you can contact the
sed
employer and ask them to complete the Employment and earnings information for applications form (V06)
. You can only do this when the client has
given their consent.
If a client re-applies for a main benefit within 26 weeks of the date their benefit was cancelled due to entering temporary
employment, we do not require their previous 26 and/or 52 weeks gross income. However, the client's final pay details are
Re
required in order to determine the date of event and entitlement date.
If written evidence of income is not immediately available, you should accept what the client has indicated on their application,
advise them of the possible overpayment if the information is incorrect and give the person four weeks to provide the
evidence.
Ensure that the conversation you had with the client is recorded on the client’s file, including the date by which the client must
return the evidence.
Ways we can accept income and asset evidence
Post/Fax
Online
MyMSD document upload
Email - you must copy the full email, including the sender, receiver, date and time details, onto the clients file.
Face to face
Legislation
Income (definition) schedule 2 [http://www.legislation.govt.nz/act/public/2018/0032/latest/DLM6784375.html] Social Security Act 2018
Content owner: Work and Income National Office
Last updated: 02 May 2022
under the Official Information Act (1982)
Released
