The decision starts with whether your pension can be transferred
The 2014 budget and subsequent amendments set out the most radical UK pension changes ever which fully came into effect on 6 April 2015. These UK pension changes have affected almost every private or public sector UK pension. And now while not all types of UK pension can be transferred to New Zealand the majority of them still can be. To review what types of pensions can be transferred to New Zealand click here.
NZ free phone: 0800 102 599
OZ Free Phone: 1800 857 410
Auckland: 09 378 1666
Wellington: 04 212 4970
Manchester – UK: 0845 544 3101
Five pension transfer traps
A pension transfer is a complex decision with many pitfalls like: not realising that a tax obligation can be created on transfer which needs to be paid independently; an unwavering belief that a UK defined benefit pension scheme should never be transferred; or, people thinking that QROPS are a one size fits all solution.
Find out the common pension transfer traps and how they can be easily overcome…read more
Steps to transfer success
Getting an accurate picture of your UK pension and what it means to leave it there or do a pension transfer to New Zealand is the first step. After that is deciding on the right NZ scheme and the investments within the scheme. Then comes the pension transfer. But don’t forget to monitor it after the pension transfer.
See how we ensure you are taken care every step of the way …read more
in pension transfers
to New Zealand
in getting transfers to New Zealand
within three months
UK schemes transferred
from…see a sample
Transferring a final salary scheme pension
Transferring a final salary scheme (or defined benefits pension) can be a great idea as it eliminates a significant number of risks, like legislation changes and currency fluctuations. Also current high cash equivalent transfer valuations give you the opportunity to lock in the value of these schemes with a pension transfer to a QROPS as well as reduce the future tax consequences of holding a final salary scheme…read more
Final salary schemes valuations are really high
A lot of people with final salary pensions, like the oil companies, banks and financial institutions and local council schemes and a host of others can have entirely unexpected pension transfer values when it comes to transferring them.
We have seen plenty of instances where the cash equivalent transfer value (CETV) of a fund is greater than the amount of salary the individual earned while working at the organisation, and is a considerable multiple of the annual benefits promised…read more
Frequently asked questions and answers
Over the last 16 years we come across some pretty common questions, like, how can I find out if I have a UK pension? Or who controls my pension through the pension transfer process? To find out answers to the frequently asked questions go here
What is a QROPS
There is a lot of talk about QROPS, but what is a QROPS exactly.
Anyone with a UK pension scheme that meets the criteria who lives overseas or is planning to leave the UK can transfer their UK pension plans into a QROPS (Qualifying Recognised Overseas Pensions Scheme) find out exactly what a QROPS is…read more
Schemes we’ve transferred
Our dedicated UK and NZ based teams have transferred thousands of UK pensions from hundreds of UK schemes.
We have dealt with all the large providers like Prudential or Standard Life through to company schemes like BP or Transport for London, see a sample of the schemes we have transferred from read more
Can I transfer
The 2014 budget and subsequent amendments set out the most radical UK pension changes ever which fully came into effect on 6 April 2015. These UK pension changes have affected almost every private or public sector UK pension – this has led many people to ask the question can I move my pension from the UK to a New Zealand QROPS. Not all types of UK pension can be transferred to New Zealand. Find out if you can transfer your UK pension…go here