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Category Archive for: ‘General’

Exploring hidden value in CETV’s

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 that they have engaged do the same. So why do people blindly accept these transfer values? Usually it’s because they feel that the calculations that have produced them are extremely complicated.   Our experience shows …

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Splitting a UK pension transfer divorce or separation

  As with any asset a pension is generally shared when it comes to matrimonial asset splitting. In this article we explore splitting a UK pension transfer; divorce or separation can lead to the need to the split a UK pension, but unlike some other financial instruments they can be messy to unwind particularly because it is a pension and …

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Paying your tax liability on UK pension transfers

  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 have a tax liability and wondering how they are going to pay it if they do have one. This has not been helped by: A lack of information from the IRD on the subject …

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Australian QROPS list what is really going on

  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 QROPS list expands – because people are setting up their own self-managed super funds (SMSF’s). However, lifting the lid on this shows that in the last six months around 110 new Australian QROPS have …

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UK government cuts final salary GMP guarantee

Thousands of Final Salary Pension members will lose out under the new Flat rate UK State pension which comes in April 2016.   In short anyone with a pre-1988 guaranteed minimum pension (GMP) component in their private final salary scheme pension is effected. Under previous rules in agreement for contracting out of the State pension (into a final salary pension) …

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IRD to start chasing tax

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  The IRD estimate 70% of NZ residents who have transferred a pension after 1 January 2000 have a tax liability There is a limited window left to declare under an amnesty to potentially reduce your tax bill on the transfers If you don’t declare under the amnesty the IRD are about to ask you why – and they have …

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Pension transfer times blow out causing tax headaches

  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 the HMRC: Now require UK pension schemes to undertake their own due diligence on the schemes that they are transferring to Require any transfer of a defined benefits scheme where the value is over …

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UK pension changes cause massive disruption

  In a series of widespread UK pension changes the UK government has changed the landscape for UK pension holders, the most important of these are: The UK government have now stopped public sector pensions (bar local government) from being transferred out of the UK Private defined benefit pensions escaped the same fate after much debate, they could easily be …

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QROPS list changes – Australian and KiwiSaver Schemes no longer QROPS

  If you are currently transferring your pension to an Australian QROPS or KiwiSaver scheme action is immediately required to avoid a 55% tax on the transfer If you have already transferred into an Australian QROPS or KiwiSaver you may be stuck permanently The industry is in shock following recent QROPS list changes – but they were publicised early   …

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Issues with Kiwisaver QROPS

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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 have already transferred into a KiwiSaver you may be stuck in that scheme to 65 The industry is in shock following recent rule changes – but they were publicised early   The KiwiSaver industry is …

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NZ free phone:0800 102 599 / OZ Free Phone:1800 857 410 / Email:info@qropsnz.com

very stress free

Thank you Cambel for your help and guidance throughout this process in getting my pension transferred (very stress free for me). It is greatly appreciated and I would certainly recommend you and Charter Square to others who are interested in transferring their pension.

David R, New Zealand

You guys rock!

I just wanted to say a great big thank you to you and your team. You are all totally awesome. I received a cheque yesterday from the Prudential to apologise for the ‘recent inconvenience’ that I had experienced. Thank you for doing this for me. You guys rock!

Noelle B, New Zealand

professional, insightful

Charter Square were professional, insightful and a pleasure to work with. They rose to the challenge of consolidating my overseas pensions and bringing them home with minimum fuss for me and maximum effort on their part.

Jens H, New Zealand

thorough, professional and prompt

Very thorough, professional and prompt service from the team at Charter Square. Thanks for making the bewildering world of pension transfers super simple.

Jules T, New Zealand

Best party to deal with

Thank you kindly for keeping in touch with me. For now, I will not be moving my pension. I will however be keeping your details and referring back to you when I wish to pursue. You by far are the best party to deal with, no nonsense, professional and in my opinion genuine. I do sincerely thank you for your advice to date.

GE, New Zealand

Freedom

Securing the freedom to use savings that are actually ours to work with has been stressful in the extreme. While I never planned on giving up there were many times when the current (UK) holder made the whole process seem well beyond my determination and ability. It’s easy to look at the 36 month history of this claim with the benefit of hindsight, but the conclusion is that employing Charter Square in the first instance would have been wise had I been able to anticipate the red-tape that appears to have been deliberately created to stall access.

CP, Auckland
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