We are writing about control, because we spend much of our lives faced with things that are out of our control. Governments make decisions we
British expats and Kiwis who’ve left their personal pension back in the UK are being advised to transfer it before Brexit kicks in. The advice
For years the New Zealand regulator has been building a strong regulatory regime to protect people from bad advice and worse investments. One of the
Ania Zalewska, University of Bath In the past decade, the banking industry has been a central focus of attention for regulators, academics and the general
It’s never been harder to transfer a UK pension to New Zealand. Over the last three years UK government agencies have put up consistent barriers
Having been involved in pension transfers since 1999 we have seen it all. What started out as a cottage industry helping New Zealanders and British
On the 9 March 2017, the UK Budget introduced with immediate effect an “Overseas Transfer Charge” (OTC) which is a 25% tax charge on transfers
For decades people in the UK have been told that final salary (or defined benefits) pensions are ‘gold plated’ and the perception has been established
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