by admin | Jul 10, 2013 | Latest News
CITIGROUP has shifted responsibility for paying the pensions of 20,000 past and present staff of EMI Group to Pension Insurance Corporation (PIC) in a landmark deal relieving the bank of up to £1.5bn of liabilities. The bank, which employs 1,200 people in Belfast, is...
by admin | Jul 7, 2013 | Latest News
An estimated $16 billion of New Zealanders’ money currently in Australian superannuation schemes is now transferable to KiwiSaver, thanks to legislation that came into effect on July 1. Statistics New Zealand said more than 9000 people migrated to New Zealand from...
by admin | Jun 20, 2013 | Latest News
New tax rules target overseas super payments to Kiwi residents Inland Revenue is getting ready to clamp down on thousands of New Zealand residents who haven’t been paying tax on withdrawals from their overseas superannuation schemes. The Taxation (Annual Rates,...
by admin | Jun 14, 2013 | Latest News
There’s new clarity on tax for advisers who have clients with foreign superannuation scheme interests. The new Taxation Bill aims to simplify the system by introducing a new cash-based regime to tax interests in foreign schemes. It also contains a partial amnesty for...
by admin | Mar 15, 2013 | Tax Changes
Proposed changes to the tax treatment of foreign superannuation funds transferred to New Zealand are likely to be tweaked before being put to Parliament this year. Last July, Inland Revenue released a paper setting out options for the tax treatment of foreign pensions...
