UK PENSION TRANSFERS
Whether you have a private pension or company scheme we can take care of the whole process for you.
As a result of legislation introduced in 2006, which gave effect to Qualifying Recognised Overseas Pension Schemes (QROPS) you can transfer your UK pension fund to New Zealand and enjoy greater flexibility in how retirement benefits are structured and potentially save tax.
Having your funds invested in the New Zealand dollar will help better understand the value of your pension relative to your projected retirement living costs.
Once invested in NZ you no longer have to worry about declaring income from your UK pension on your tax return as all payments made to you are tax free in your hands.
Having your funds in one account in New Zealand may help you stay on top of your retirement savings plan by enhancing visibility and providing access to regular consolidated reporting.
Subject to you meeting the revised HMRC rules you could get all of your funds paid to you at age 55.
There is no obligation to buy an annuity in New Zealand and therefore all payments are taken as income drawdown. In the event of your death 100% of the residual fund is paid to your estate.
Our UK Qualified and New Zealand Authorised team are waiting to help you. FREEPHONE
0800 42 1966 to get started or give us a few details online.
Complete our Free Assessment Form online here or call us on 0800 42 1966 to get started. After a quick consultation your part is done.
We will obtain an updated valuation and documentation from your UK scheme provider at no cost to you.
We conduct a fact find to establish a suitable QROPS to meet your obectives and set up your new Superannuation scheme here in NZ.
We will liaise with the UK provider and track the payment to NZ. Funds arrive in GBP and can be held in sterling.