No nasty surprises for NZ QROPS

However, other countries may soon be targeted by similar regulations to those foisted on New Zealand, which seem to have simply shifted the conduct targeted by the UK regulator elsewhere. UK’s tax department the HMRC has released its draft tax bill for next year,...

UK State pension and living in New Zealand

This factsheet sets out the key elements of the UK State Pension scheme and the impact that UK State Pensions may have on your payments of New Zealand Superannuation or Veteran’s Pension. The information about UK State pensions should only be used as a guide. For more...

Frustrating wait for QROPS providers

A month after “Q-Day”, New Zealand QROPS providers still find themselves in limbo thanks to delays by the UK tax department in processing their applications to be registered under the new rules. On April 6 tough new rules came into force affecting New...

QROPS picture still murky

 It may be several more weeks before it becomes clear how tough new regulations on UK pension transfers have affected New Zealand’s QROPS market. QROPS (Qualifying Recognised Overseas Pension Schemes) allow the transfer of tax-advantaged UK pension funds to approved...