Instead he’ll get a $180,668 pay cut. (That’s more than the entire salary of a member of Parliament – $163,961).
Meanwhile Jacinda Ardern will get a monster pay rise.
Winston Peters is also set for a payrise.
As leader of New Zealand First with eleven MPs he was on $198,983.
So how does it all stack up with other world leaders?
Ms Ardern’s Australian counterpart pulls in more than a $100,000 more than Ms Ardern, as does Donald Trump, however the property mogul turned US President pledged to take just a dollar of that as a salary and donate the rest.
But Ms Ardern comes in above Justin Trudeau who earns $80,000 less as the Canadian Prime Minister, and well above Theresa May who earns just $289,411 for holding the reins of the UK.