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Rule changes in 2015 prevented cash transfers to New Zealand but you should obtain an updated estimate of how much you will receive at age 60. Find out here.
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 New Zealand team are waiting to help you.
FREEPHONE 0800 42 1966 to get started or give us a few details online.