The new “Scheme Pays” rule

The new “Scheme Pays” rule

QROPS scheme provider can pay the transfer tax liability If you are transferring a UK Pension and you are a New Zealander returning home after a decade or a new migrant then you are exempt the transfer tax for the first 48 months. This applies to defined benefit and...
The new “Scheme Pays” rule

Taxation Increments Table

You can work out your tax obligation from the table above. Provided you have not opted out you are exempt transfer tax during the first four years, under transitional tax residency status. The table assumes the first 4 years are tax exempt and your tax liability...
Fantastic tax savings are possible with Pension Transfers

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...
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