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It's all about the money (New Zealand)

Travel Forums Australia / New Zealand & The Pacific It's all about the money (New Zealand)

1. Posted by Nousername (Budding Member 5 posts) 11y

Nousername has indicated that this thread is about New Zealand

Hi All! I've been reading this forum for a couple of weeks now - and it's been so helpful.

I am currently applying for a WHV for New Zealand - Oct or Nov 05 departure. I have reached the max age limit so this is my last chance to do this.

Right now I have around $3000 CND in my regular savings. I also have quite a bit in my retirement savings plan -RRSP (which I'd obviously prefer not to touch if it can be helped). I need to show that I have at least $3300 CND available in order to get the WHV. Does the money I have in my retirement plan count? What about credit cards?(I have pretty high limits and no debts).

Of course, once I buy my plane ticket - there goes a big chunk of that change. I do have a job so I have 5 months to scrimp and save. (I can be very frugal)

Basically, what I'm asking I guess is whether anyone else find that they were cutting it close with the money and came out of it okay?


2. Posted by Kathi20 (Respected Member 270 posts) 11y

Hi there,

I've been through a lot with NZ Immigration, so I'm quickly gonna explain to you what the 'money thing' is about:

more or less NZ immigration wants to make sure, that you can support yourself while being in NZ.
When u fill in ur application form, they usually ask u, how u r gonna support ur stay in NZ etc.
So you can actually put everything in there: savings, support of parents, shares etc.
I would recommend (bec u have to prove it) that you send them a copy of your bank account, copies of your payslips etc.(anything that can help you egt ur visa quicklier)

it's usually not about having exactly 3300, it's like I said, more about making sure, that people sufficient funds.

You have to be very unlucky and get a really fussy officer if it's not like I've said, but I honestly don't think so.
I you had 1000$ only, it would be a different story.

hope I could help, all the best;)

3. Posted by Kathi20 (Respected Member 270 posts) 11y

P.S.: make the copies of your account etc. before you'll spend the money on plane tickets etc.!!!!

4. Posted by Nousername (Budding Member 5 posts) 11y

Thanks. I'm travelling with SWAP Canada. They provide a form letter for my bank to complete and this gets included with my visa application. The letter states that available funds involve money that's readily accessible (ie. bonds, investments, etc. don't count). My retirement money is accessible - but you're taxed heavily for early withdrawal so I'm hoping not to have to actually use it.

I think I'm more worried about actually having enough $ to tide me over until I find a job once I get there.

I plan to pay for my plane ticket with credit card and authorize my bank to withdraw the min. balance each month thus paying it off slowly.

5. Posted by Kathi20 (Respected Member 270 posts) 11y

Hi again,

don't worry too much about finding a job. If you are willing to do anything it shouldn't be a problem.

Talk to locals (who always know what's going on), talk to everyone in shops/pubs etc., checkt out the newspapers and specially:always think positive!!!

have a great time here in NZ