Are you dreaming of bringing your parents to New Zealand? The Parent Resident Visa offers a wonderful opportunity for parents to reunite with their adult children and enjoy a fulfilling life together. However, navigating the sponsorship process can be complex, especially when it comes to meeting the minimum income requirements. We understand the importance of family reunification, and that’s why we’ve compiled this comprehensive guide to help you understand the ins and outs of sponsoring your parents for the Parent Resident Visa.
1. Income Calculation Made Easy To ensure successful sponsorship, understanding how the minimum sponsor income is calculated is crucial. The amount your sponsor needs to earn depends on whether they are sponsoring one parent or more and if they have joint sponsors. For a single sponsor, the required income is 1.5 times the New Zealand median wage, while joint sponsors need to earn 2 times the New Zealand median wage. Additionally, the minimum income increases by half the New Zealand median wage for each additional parent sponsored, up to a maximum of 6 parents.
2. Consideration of Previous Sponsorship If your sponsor has sponsored one or more parents before, we take that into account when calculating their minimum income. For instance, if your adult child previously sponsored 2 parents and now wishes to sponsor 2 more parents, they will need to meet the income requirements for sponsoring a total of 4 parents. However, if their income was used to support their partner’s parents in an application made before 2017, they are not considered a previous sponsor in this case.
3. Taxable Income Matters It’s important to note that only taxable income is considered for the minimum income calculation. To be counted, the income must be taxable and appear on the sponsor’s Inland Revenue summary of income or Final Tax Summary.
4. Yearly Updates on Income Requirements Visa authorities update the New Zealand median wage annually, which means the amount sponsors need to earn may change depending on the years included in the application. Staying up-to-date with these changes is crucial to ensure you meet the latest income requirements.
At 2X Immigration & Study Abroad, we take pride in assisting families in their journey to reunite with their loved ones. Our team of experts has in-depth knowledge of the Parent Resident Visa sponsorship process and can provide personalized guidance tailored to your specific situation. Whether you need help with income calculations, application documentation, or any other aspect of the visa process, we are here to support you every step of the way.
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