Attention
All Ex UK Residents
 Did
you leave something behind in the UK ?
If you have funds in a UK pension scheme then you should
seriously consider the benefits of arranging for a pension transfer
to New Zealand.
There have been several changes to pension legislation in recent
years. Are you able to keep yourself fully aware of what’s
happening in the UK ?
All our consultants are ex UK and have considerable experience in
this field. For a free no obligation assessment contact us now on
0800 UK TO NZ (0800 85 86 69) or
e-mail us
Why Transfer?
In our opinion, the reasons for transferring your UK pension to
New Zealand far out weigh leaving it with your UK pension’s
administrator. Below are some of the reasons why you should consider
a transfer of your UK pension to New Zealand:
1. If you leave your UK pension in the United Kingdom, then at retirement
age UK pension’s legislation requires you to purchase an annuity.
This means that in exchange for the lump sum of GB pounds built
up in your pension fund, you are provided with a regular pension
payment until death. Sounds fair enough? Perhaps not…………
what happens if your retirement age is 65 and you drop dead at say
age 69? Well here’s the rub………… if
you have a single life annuity with no guarantee, your pension dies
with you.
2. If you do nothing your about your UK pension, the annuity when
it becomes due, will be payable in UK sterling. You will have the
expense of converting it into NZ dollars, and will also be subject
to exchange rate fluctuations. Since the New Zealand dollar was
floated in 1985 the exchange rate has varied quite considerably.
3. At present provided you have lived and worked in New Zealand
for the qualifying period, you will be entitled to New Zealand state
superannuation in addition to any UK private or personal pension
you have from frozen UK funds. Ongoing debate about the future provision
of a NZ state pension is plentiful. As the NZ Government looks at
ways of meeting it’s future commitments in this area might
it look at penalizing those immigrants who have an overseas entitlement?
By arranging a lump sum transfer to New Zealand you take control
of any future risk in this area.
There are sometimes reasons why you should NOT transfer.
As experts in the field we are able to assist you in making an informed
decision. Call us now for an informal no obligation discussion.
0800 UK TO NZ (0800 85 86 69) or click here
to complete a confidential enquiry form.
All
content © copyright to Nick Powell - UKtoNZ Pension Transfers
2004 - 2011. Last updated October 2010
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