All applicants – you and your partner (if applicable) – must meet our health and character requirements. The other requirements are set out below.

Children

You must have an adult child who lives in New Zealand and is either a New Zealand citizen or resident, but you must have no dependent children.

Investment and settlement funds and/or assets

You must nominate funds and/or assets equivalent to at least NZ$1 million for investment funds, NZ$0.5 million for settlement funds, and be able to show an annual income of NZ$60,000 at the time of application. You will need to be able to provide evidence showing that your investment and settlement funds and/or assets are owned by you or jointly by you and your partner and/or dependent children. You will also need to be able to provide evidence showing that your intended investment funds:

• are unencumbered, ie not subject to any mortgage, lien, charge and/or encumbrance (whether equitable or otherwise) or any other creditor claims
• have been earned or acquired legally
• are transferable through the banking system or through a foreign exchange company that uses the banking system (we will not be able to approve your application if you are unable to transfer funds to New Zealand through the banking system).

You will need to be able to provide verifiable documents to show that the funds you transfer to New Zealand came from the funds and/or assets that you nominate. You will need to place your investment funds in an acceptable investment(s) in New Zealand.

After residence is approved

If your residence application is approved you (the principal applicant) will have to retain your investment funds in an acceptable investment(s) for four years.

For more information

See our Parent Retirement Category questions and answers.

Apply

If you think you meet the requirements, find out how to apply.