Why Transfer Your UK Pension? Save Tax & Avoid Exchange Rate Swings

We understand that moving to New Zealand is a disruptive time for you and your family. Compared with deciding where to live, finding a job, finding a school for the kids and getting settled, it’s likely that transferring your pension was low on the list of priorities.

But now that you’re here, you should consider transferring your UK pension to New Zealand as the benefits often far out-weigh leaving it in the UK.

By transferring your UK pension to New Zealand, you could:

• SAVE up to 38% tax on your pension
• GAIN control of your funds
• ACCESS up to 50% of your funds within 3 months of transfer and the balance within 2 years
• SAFEGUARD all your pension for your beneficiaries
• AVOID exchange rate swings eating into your pension
• GAIN easy access to your funds in retirement

Save up to 38% tax on your pension

If your UK pension pays a regular benefit, this is deemed income and you’ll pay tax in NZ at your marginal tax rate. Transfer your UK pension to an approved NZ QROPS (Qualifying Recognised Overseas Pension Scheme) and you’ll get the full benefit of your pension at retirement completely tax free.

Gain control of your funds

Your pension is one of your biggest assets. Transferring your UK pension to NZ gives you greater control on how and where it is invested; now and in retirement.

Access up to 50% of your funds within 3 months of transfer

Depending on the requirements of your UK pension scheme, you may be able to access up to 50% of your pension funds within 3 months of transfer and the balance within 2 years. Imagine being able to use this to secure your dream home or establish your new life in New Zealand.

Safeguard your entire pension for your beneficiaries

In New Zealand, you can pass on 100% of your pension to your spouse, family and beneficiaries. With the majority of UK pension schemes, if you die, your spouse may only get up to 50% of your pension and if you both die, your pension may die with you.

Avoid exchange rate swings eating into your pension

You can stop worrying about exchange rate movements affecting the value of your pension. Plus we can transfer your pension and hold your funds in Pounds Sterling until you are happy with the exchange rate.

Gain easy access to your funds in retirement

When you retire, you can access up to 100% of your pension as a lump sum or as retirement income or a combination of income and lump sum.

It costs nothing to get started with our free, no-obligation assessment. So contact us now!