For many people, a pension is a crucial.
Transferring a UK pension
For many people, a pension is a crucial element of their wealth management strategy. If you have relocated permanently to New Zealand, it’s important to consider whether transferring your pension is the right option for you. However, it’s worth noting that a pension transfer may not be suitable for everyone, and careful consideration is necessary.
Transferring a UK pension to New Zealand can be a complex process that involves tax implications in both countries. Therefore, it’s crucial to take the time to evaluate the benefits and drawbacks of a pension transfer.
If you have multiple pensions from different providers, consolidating them into a single account with one provider can simplify the management of your retirement savings and potentially reduce fees.
Furthermore, transferring your UK pension to a Recognised Overseas Pension Scheme (ROPS) in New Zealand may offer tax-free transfer and tax-free distributions in the future. However, it’s important to keep in mind that regulations can change at any time, and it’s essential to seek professional advice to make informed decisions.
At Bradley Nuttall, we work with a ROPS superannuation scheme that offers a wide range of investment options to help you build a portfolio that aligns with your investment needs. We provide a no fee service for initial consultation and UK pension transfer plan.
With 14 years of experience working in the UK financial markets, Cameron is well-equipped to evaluate whether a UK pension transfer is the right choice for you. Contact us today to schedule a consultation and get started on your retirement planning.