if you moved your pension overseas

how you can take advantage

   

Investment performance woes

Prior to April 2017 foreign advisers were cold calling people in New Zealand to move their UK pensions to schemes in Malta and Gibraltar.  Just about everyone that we have spoken to that moved their pension to one of these jurisdictions has a tale of woe relating to poor fund performance and financial advisers that have gone silent  after the initial transfer.

The only consolation to poor investment performance in one of these overseas arrangements is a lower tax bill in New Zealand when a transfer to a New Zealand QROPS is eventually made. Not a great outcome when you consider the the stellar performance by comparision of a safe haven like New Zealand, with greater complaince, regulatory oversight and robust and professionally managed schemes.

Transferring to a New Zealand QROPS sees a $100,000 knocked off the tax bill

We were recently approached by a British Ex Pat that had transferred their UK pension to a Maltese QROPS in 2016 after being solicited by a foreign adviser.  Since transfer their poor investment performance had seen their fund drop by roughly 15% in value.  After careful analisys of their circumstances and tax situation on a transfer to New Zealand we delivered a tax benefit that was equivalent to the loss that they had suffered.  So, in summary our new client achieved the right outcome for them with no real loss suffered.

Transferring a pension is a complex process with many variables that can lead to gains and losses in value. We strongly recommend that you receive qualified professional advice before making any decision on your pension.

 


 

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straightforward and painless

Until now I'd imagined my UK pension funds being locked away behind all manner of firewalls and bureaucratic hurdles to access on retirement. Before committing the one surviving official document of my English OE to the bin - a single page detailing my private pension details - I contacted you out of curiosity. The result feels a little like winning lotto.

Peter W

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