Be informed about the risks of leaving your pension in the UK, and learn the advantages of having it in New Zealand. Take control now to secure your funds at retirement.
New Zealand Pension
Income tax is paid on your pension gains, but the end benefit is tax free
Age 65 you'll receive a state pension if you've lived in New Zealand for a total of 15 years, 10 years since you've been 20 and 5 years since you turned 50
Your pension doesn't have to die with you
UK Pension
Limited control with you UK pension
Bank transfer charges apply to each payment sent to New Zealand
Your pension dies with you
Once you reach pensionable age you will only recieve a limited value of your investment of 25%
You might have to pay tax twice as your funds grow: once in the UK, and again in New Zealand. Your final pension is also taxed at the UK end
Funds transferred from the UK will be subject to UK regulations prevailing at the time the pension is paid. Any payments which are deemed "unauthorised payments" will be subject to UK tax and penalties"
