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UK expats and returning Kiwis advised to transfer personal pensions before Brexit

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 is aimed not just at UK expats already living in New Zealand, but also to those planning to emigrate in the near future.
It’s being spurred by increasing concern over the viability of company pensions following the Carillon collapse and the precarious state of many other large pension companies, as well as by the unpredictability of the Brexit effect on taxation of personal pension transfers.
As regards British expat already settled in New Zealand, the recent introduction of a 25 per cent exit tax on pension transfers to products such as QROPS doesn’t apply, but financial experts believe once Brexit is a done deal different taxes will be brought in to cover British pension holders no longer in the UK.
The government, as usual, sees pensions as an easy target for tax revenue, and is preparing to aggressively target non-resident citizens. Reasons for such a move include the specific design of pensions as regards tax relief, which result in an eventual return to the government of tax revenues. Upcoming changes are expected to hit hard on expats as a form of punishment for not putting the tax due back into the Treasury coffers because a transfer of a personal pension robs the UK Govt of their expected tax take.
To avoid any eventual tax grab, the first step is to understand if a transfer of your UK pension is a good idea and in your long-term financial interests. Once you have an understanding of your pension value as a transfer and any tax implications in New Zealand you can go about selecting the correct New Zealand superannuation scheme and selecting the funds available for investing UK pension in here.
Our expert consultants take the pain out of what can be an exhausting and complex process whilst ensuring you make the right decision and avoid the myriad of pitfalls associated with a pension transfer.
Contact us now for a free and obligation free chat and decide if you’d like to start the process of transferring your UK pension

NZ free phone:0800 102 599 / OZ Free Phone:1800 857 410 /

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


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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