Benefits of transferring your UK Pension to New Zealand
Tax Efficiency
If you transfer your pension to New Zealand you will not need to pay any tax when you withdraw your pension in most situations
Early access to money
You may be able to access some of your UK Pension immediately if you decide to bring it back to New Zealand
Currency risk
Once you reach the retirement age you do not know what the currency exchange rate will be - by bringing it back to NZ you can choose when to bring it back. We also have the ability to bring it back into a GBP denominated account and hold it until a time you wish to convert it to New Zealand dollars.
Control
You will have much easier access and control with your funds being in New Zealand.
Death benefits
If you die with your pension still in the UK your estate only receives a portion of the funds, bringing it back to New Zealand means that your estate would get the full value.
Keep your UK pension in GBP until ready
We have the facility to offer you at no extra charge the ability to transfer your UK Pension to New Zealand and hold it in GBP until such a time that you are happy with the exchange rate.
