07/10/2019
Changes to the Parent Resident Visa — applications reopen in 2020
From February 2020 you can apply for a Parent Resident Visa again, although there will be changes to the criteria you need to meet.
The visa is changing and limiting the number of people who can get the visa each year to 1000 changing the financial requirements that sponsors and applicants need to meet, and changing the 2-tier system to a single system.
Changes to financial requirements
The visa will reopen with new financial requirements that applicants and sponsors must meet.
Applicants will no longer have the option to apply based on their settlement funds or a guaranteed lifetime income.
The income levels that sponsors need to meet will increase.
Sponsors will also need to meet the income criteria for 2 out of the 3 years before their parents applied for residence, and
provide evidence of their annual income by providing Inland Revenue tax statements.
New income levels for sponsors
INZ will update the income levels for sponsors each year based on the New Zealand median income.
The current median income is NZD $53,040.
Expected income levels for 2020
If your sponsorship is based on your personal income, you will need to earn before tax:
NZD $106,080 to sponsor 1 parent
NZD $159,120 to sponsor 2 parents.
If you are using both you and your partner's income, you will need to earn between you:
NZD $159,120 to sponsor 1 parent
NZD $212,160 to sponsor 2 parents.
Feel free to contact us and book an appointment to discuss these Immigration Policy changes to make sure you meet the requirements.