Jacinda Ardern announces she is standing down as Prime Minister and this year's election date

Prime Minister Jacinda Ardern has announced she will stand down on February 7.

She said she had hoped to find the energy and heart to continue in the role over the summer, "but I have not been able to do that."

A caucus vote will happen on Sunday for a new Party leader - and new Prime Minister.

Ardern said her team were well-placed to take the country forward and contest the next election.

"I am not leaving because I believe we can’t win the election but because I believe we can and will."

She said there was no secret scandal behind her resignation.

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"I am human. We give as much as we can for as long as we can and then it’s time. And for me, it’s time.

"I am leaving because with such a privileged job comes a big responsibility. The responsibility to know when you are the right person to lead - and also when you’re not."

She continued: "To Neve, mum is looking forward to being there when you start school next year. And to Clarke, let’s get married."

She would stay as an MP of Mt Albert until April to avoid the need for a byelection.

She had no plans beyond that as yet and was looking forward to spending more time with her family.

Ardern also announced this year’s election will be on Saturday 14 October.