UK Pensions in New Zealand
Research which has been carried out on permanent migrants to New Zealand has Indicated that New Zealand’s environment, people, lifestyle choices and safety from crime or violence are some of the things people like most about living here. The vast expatriate community consists of between 500,000 – 750,000 people and it is an important part of New Zealand’s economic prosperity.
Figures from the years 2006/2007 show that nearly 50,000 people were granted permanent residency in New Zealand with the highest percentage of people arriving from the UK.
New Zealand is an English speaking democracy and a New Zealand QROPS can offer investment options that will be held with respected companies that have a long investment history. New Zealand is not particularly well known as being an offshore tax haven, and this QROPS jurisdiction contains aspects of its taxation and pensions regime that are very favourable when compared to UK pension schemes
By opting for a New Zealand QROPS you will still be required to pay some tax on your investment which a QROPS adviser can calculate for you, however, as long as you are not tax resident in New Zealand you will not be required to file a tax return.
To find out if a New Zealand QROPS is right for you and something you can gain much benefit from then contact a QROPS adviser who will be able to assess your individual situation and explain in detail the options available to you and more importantly assist you in carrying out a successful and highly beneficial QROPS transfer
