
Foreign currency fees in New Zealand schemes
Most New Zealand QROPS superannuation schemes are in the business of passing on benefits to their members. This extends to foreign exchange rates. Many have

Most New Zealand QROPS superannuation schemes are in the business of passing on benefits to their members. This extends to foreign exchange rates. Many have
On 1 December 2016 the number of New Zealand QROPS reduced dramatically, at that date there were only seven schemes that were open to new
For many years transferring a pension from the UK to New Zealand was not the norm with confusing legislation and tax compliance issues. All that
There has been a lot of talk of the general implications of the Brexit vote. But what, in practical terms, is it likely to
Much has been made recently of people getting tax notices from the Inland Revenue for pensions that they had transferred to New Zealand. Should everyone

The schedule method seeks to levy tax on your pension transfer based on how long you have been in New Zealand since you accrued your
We see many examples of people receiving and accepting a cash equivalent transfer value as gospel and what’s more their supposed ‘QROPS pension transfer’ experts
We have had an enormous number of people that have transferred their pensions to New Zealand in the past contact us recently worrying that they
Much has been made of the fact that Australian pension transfers are increasing at a dramatic rate as the number of schemes on the Australian
Thousands of Final Salary Pension members will lose out under the new Flat rate UK State pension which comes in April 2016. In short

The IRD estimate 70% of NZ residents who have transferred a pension after 1 January 2000 have a tax liability There is a limited
Pension transfer times have increased dramatically since the introduction of new regulations in the UK form 6 April 2015. In a raft of legislative changes
Access to funds from NZ superannuation schemes to be extremely limited at age 55 Schemes can change their rules without your consent Rules will
In a series of widespread UK pension changes the UK government has changed the landscape for UK pension holders, the most important of these
If you are currently transferring your pension to an Australian QROPS or KiwiSaver scheme action is immediately required to avoid a 55% tax on

If you are currently transferring your pension to a KiwiSaver scheme action is immediately required to avoid a 55% tax on the transfer If you