A change in the New Zealand Taxation Rules now allows your HMRC approved, QROPS scheme provider to pay your transfer tax liability directly to the IRD at 28%. A new migrant or a Kiwi returning home after a decade abroad meets the criteria for “transitional...
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...
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...
