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 | Aug 10, 2012 | Latest News
Britons are the single biggest group transferring retirement savings to New Zealand. Holding foreign retirement savings is a Catch 22 situation. Whichever way you turn there are fish-hooks. Tens of thousands of Kiwi residents have built up sizeable overseas retirement...
by admin | Jul 29, 2012 | Latest News
Advisers have been caught on the hop by the Inland Revenue’s new stance on pension transfers, which could leave some of their clients facing six-figure tax bills. by Niko Kloeten Until recently it’s been thought that UK superannuation fund transfers aren’t taxable,...
by admin | Mar 28, 2012 | Latest News
Tough new rules for UK-New Zealand pension transfers will go ahead largely unchanged, despite strong lobbying from New Zealand’s financial services industry. Good Returns reported last year on proposed changes to the Qualifying Recognised Overseas Pension...
