An important change for migrants will take effect in February 2024, when Immigration New Zealand adjusts the median pay rate from $29.66 per hour to $31.61 per hour.
This change will impact multiple immigration pathways linked to New Zealand’s median wage, such as the Skilled Migrant Category and Green List residence pathways, as well as the Accredited Employer Work Visas and other visas.
Wage Thresholds and Immigration
Wage thresholds play a crucial role in New Zealand’s immigration system, ensuring that visa applicants meet specific economic standards before they are granted their visas.
These thresholds are adjusted regularly to reflect economic conditions and rising inflation, guaranteeing their relevance and effectiveness.
By maintaining these thresholds, New Zealand ensures that incoming migrants contribute to the economy at a level that supports the country’s labor market needs and economic stability.
Accredited Employer Work Visa (AEWV)
In addition to the median wage increase, the validity of Accredited Employer Work Visas will extend from three to five years starting in November 2023.
This extension is significant for existing AEWV holders, who make up around 80,000 people. The extended visa duration provides greater job security and stability for migrant workers and their families.
However, it also means that these visa holders need to meet the new median wage threshold when renewing their visas, adding another layer of complexity to the application process.
Preparing for the Changes
The combination of the median wage increase and the extended visa validity is expected to produce an inflow of applications before the new wage rate takes effect.
This surge in applications is likely as current and prospective migrants seek to secure their positions under the existing wage criteria.
If you’re unsure about how these new circumstances will impact your future, let us lend you a hand! At Visa Advisers, we are happy to guide you in making a well-informed decision for your future in New Zealand.
Our team of Licensed Immigration Advisers is well-versed in the latest immigration policies and can provide you with the support and advice you need.
Please book a consultation with one of our advisers now and let us help you navigate these changes with confidence and ease.