Transferring UK Pensions to New Zealand

For UK Pension transfers to NZ, Lyfords uses HM Revenue & Customs (HMRC), Qualifying Registered Overseas Pension Schemes (QROPS) approved funds.  This avoids the risk of potentially being taxed up to 55% on the transfer value of your pension.  

Use our specialist knowledge to make an informed decision on whether to transfer your UK Pension to an HMRC, QROPS approved New Zealand superannuation fund.

In the UK, Pension plans are only lightly taxed while saving for retirement, but the income received is assessable for taxation. In New Zealand superannuation funds are taxed along the way and the capital at maturity is tax free and generally not locked in. Check out our Comparison between NZ and UK Pensions.  I believe the most compelling reason for transferring your pension is that UK legislation requires you to purchase an annuity.  If you have a single life annuity with no guarantee your pension dies with you.  In New Zealand your retirement savings become part of your estate. If you need to make a capital withdrawal you can.

The QROPS funds we recommend for your UK Pension Transfer are PIE (Portfolio Investment Entity) approved investments.  These are tax effective investments where investors are taxed at their marginal tax rate and the fund manager pays the tax.

To navigate around our web site, simply click on the key topics on the left, or the menu bar at the top.  Then complete the "fact finder form" and we will email you out a Pension Transfer pack and get the ball rolling.  Alternatively phone me on 0800 459 367.