Lifetime allowance removal
On the 15th March 2023 the Chancellor announced that the Lifetime Allowance (LTA) on UK pension funds will be abolished from April 2024. The Lifetime Allowance tax charge has been removed from the 6th April 2023. The Chancellor also announced an increase in the Annual...
Fantastic tax savings are possible with Pension Transfers
If you transfer your UK pension within the first four years of becoming a New Zealand tax resident, you are exempt from paying tax on the transfer value. If you transfer after four years of becoming a tax resident, your tax liability will be based on the IRD tax...