The increase to ministers stipend, seniority allowance and Beneficiary Fund contributions, has been calculated. As per PCANZ policy, the calculation is based on the Labour Cost Index for the year to March, issued by the Department of Statistics. This report is on the Statistics NZ website (www.stats.govt.nz), or available from this office on request. For detail of adjusted stipend and allowances please refer to ministers entitlements (page 83) of the Church Management guide:
The basic stipend increases by 1.6% to $47,200 per annum from 1 July 2016.
Adjusted supply fees for a minister or theological student leading services are:
Reimbursing allowances will remain unchanged at $2,623 per annum as follows:
Personal Contributions payable by all members of the Beneficiary Fund in full time service is calculated as 5% of the basic stipend. From 1 July 2016 that amount will be $2,360.00 per annum ($196.67 per month).
For ministers living in a manse owned by the church or rented from a third party, a notional tax amount of 10% of the basic stipend ($4,720.00) may be applied. This is added to the gross amount and deducted from after-tax amount to satisfy IRD tax requirements. This amount may be adjusted down if part of the manse is used for church purposes, although this adjustment has not been made in the analysis below.
For a minister living in their own home, a market rental evaluation of the property is used for the purpose of calculating the taxable values of the housing evaluation. The amount used in the analysis is $500 per week ($26,000 per annum).
Many ministers have loan repayments or IRD or superannuation deductions made from their stipend. These are not included in the analysis but should be considered after P.A.Y.E. has been deducted from the gross stipend.
Attached is a breakdown of stipend, allowance and PAYE calculations across a range of ministers housing and seniority scenario’s. For further information please contact Margaret Fawcett email@example.com or Brendan Sweeney firstname.lastname@example.org
Click here to download the tables below for the 2016-17 minister's stipend and allowance calculations.