From 1 April 2008 the growth and income in Superannuation funds which are Portfolio Investment Entity (PIE) funds are taxed at a maximum of 30%, or 19.5% if this is your marginal tax rate. All benefits/withdrawals are tax free.
Generally there is no tax payable when a UK pension fund is transferred into a New Zealand [...]
The Financial Migration Group provides a personalised service to transfer your UK Pension Scheme into an approved scheme in New Zealand. Only schemes that are Qualifying Recognised Overseas Pension Schemes (QROPS) are allowed to receive UK Pensions.
What is a trust?
A trust is a legal arrangement where a trustee holds assets for the benefit of another party. In essence people transfer or sell assets to a trust. These assets are held by the Trustees (managers) of the Trust, for the benefit of the beneficiaries (anyone you choose, including you).
Why form a Trust?
Whilst [...]
It is expected that as many as 250,000 of the UK’s highest earners will escape the country to avoid the financial implications of the higher tax rate of 50% for the rich, which was announced at the recent Budget. Commentators predict that many of them will flee to New Zealand, where the higher band of [...]
It is important to gain some understanding of New Zealand relatively simple taxation system before you migrate so you know what your taxation requirements and obligations will be. In 2007 new legislation was passed changing the way all investments are taxed.