With legislation now passed, a new tax option is coming for anyone looking to transfer an overseas pension to New Zealand. From 1 April 2026, individuals
If you’ve worked in the UK and are now living in New Zealand, you might be eligible to make Voluntary Additional Contributions (VACs) to increase your future
For Australian residents who transferred their UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS) in Malta or Gibraltar before 9 March 2017, there
Over the past decade, the process of transferring UK pensions to New Zealand’s QROPS has undergone significant changes. By analyzing transfer duration data from 2014
For many considering transferring their UK defined benefit (DB) (aka final salary) pensions, recent declines in transfer values may be concerning. However, rather than waiting for
The UK government expects to grab approximately £2.35 billion annually from changes to the taxation of non-domiciled individuals, particularly through far reaching reforms to inheritance tax (IHT).
From 2027, individuals with substantial UK pensions will face significant exposure to Inheritance Tax (IHT), which is charged at 40% on estates exceeding the nil-rate
OK, so this article is kind of pensions adjacent rather than being about pensions, but it shows things are heading in the right direction for
If you have a UK pension valued over £1 million or stopped making contributions before 6 April 2016, you have one last chance to lock
New Zealand has moved from 17th to 14th in the world on the Mercer CFA Institute Global Pension Index. The index evaluates global retirement income systems based on
In the Autumn Budget of 2024, UK Chancellor Rachel Reeves announced significant changes to inheritance tax (IHT) rules concerning pensions, set to take effect from
The New Zealand Inland Revenue Department (IRD) has proposed significant changes to the taxation of overseas pension transfers, set to take effect from 1 April
Following nine years in limbo with restricted access to KiwiSaver, people who transferred their UK pensions into KiwiSaver schemes may finally be seeing some light
On 6 April 2023 the UK removed the Lifetime Allowance Charge. This meant that any transfer from a UK pension to New Zealand, whilst still being
Kiwi Wealth Super Scheme and the overseas transfer charge
Lifetime allowance changes and their impacts
UK defined benefit, final salary pension transfer values are sinking faster than markets. Each month XPS, a large UK pensions administrator, produces its Transfer Value
Final salary pension schemes promise to pay benefits into the future (their liabilities). To pay for those benefits they invest money (their assets). Recently we have seen
New Zealand’s not the only one with traffic lights In late 2021 the UK Department for Work and Pensions introduced new laws to combat pension
In most cases changes to UK pensions legislation can happen slowly and with plenty of warning, this is one of those cases, meaning every person and
The New Zealand tax regime taxes a pension transfer as personal income depending on how long you have been in New Zealand after accruing the