UK pension transfers

As a result of legislation introduced in 2006, which gave effect to Qualifying Recognised Overseas Pension Schemes (QROPS) you can transfer your UK pension to New Zealand and enjoy great flexibility in how retirement benefits are structured. You may even be able to access some of your funds prior to retirement age.

We are one of the few companies in New Zealand who have access to a QROPS that not only offers a sterling account (invaluable when securing a competitive exchange rate) but also gives you the freedom to ‘self select’ your investment components, should you wish.

Benefits of transferring your Pension to New Zealand:

  • More control at retirement – enjoy greater flexibility in how retirement benefits are structured. There is no obligation to take an annuity
  • It may be possible to access up to 40% the fund immediately
  • After 5 years of being a non UK tax payer you may be able to access up to 100% of the fund
  • Consolidate all your UK pensions in to one entity
  • Have control over your assets and access to a wide range of investment options
  • Preserve you retirement savings for your beneficiaries in the event of your death.

For a more detailed overview read our article about the Benefits of transferring your Pension to New Zealand.

Is it worth it?

If you value your pension as your biggest asset after your home then it makes sense to keep it in a more manageable environment and bring it to New Zealand. We have access to QROPS that hold the transfer value in sterling call accounts until the exchange rate moves in your favour.

We can create a tailor made solution for you and you can invest in NZ and Australian equities, bonds, fixed interest, cash, unit trusts and UK investment trusts etc.

If you are familiar with SIPP’s (Self Invested Pension Plans) in the UK you will be interested to learn that you can replicate these with Perpetual Trusts Pegasus Investment Fund and manage the fund yourself. (NB You cannot invest directly into commercial property)

We can transfer Personal Pension Plans, Group Personal Pension Plans, AVC’s, Stakeholder Plans, Company Final Salary Schemes, SSBR226 contracts, Retirement Annuity Contracts, Unsecured Pensions in draw-down.

We have a 100% record in transferring UK pensions to New Zealand.

We will recommend the most suitable QROPS provider based on your objectives, present circumstances and donor scheme. Our fees are very reasonable and can depend on the complexity of your individual case. We will discuss our fees at our initial free consultation.

We will recommend the most suitable QROPS provider for your circumstances.

We have worked extensively both in the UK and NZ with health professionals and have an in-depth knowledge of the NHS Pension Scheme. If you are moving to New Zealand to work in the health industry please contact us for expert advice.