Quarterly Newsletter

Quarterly Newsletter

Global economic growth was positive through the last quarter of 2021 and is looking relatively resilient for 2022. Uncertainty, however, remains around inflation, interest rates and Omicron which will result in continued volatility. Market prices have to a large...
Changes to UK Pension transfer regulations – residency

Changes to UK Pension transfer regulations – residency

From the 30th November 2021 the UK Pension Regulator is requiring UK trustees and scheme managers ensure specific checks are made before complying with a member’s request to transfer their pension. Specifically pension members who wish to transfer their pension...
NZ Retirement Expenditure Guideline

NZ Retirement Expenditure Guideline

The 2021 Retirement Expenditure Guideline study undertaken by Massey University is designed to assist pre-retirement New Zealanders make financial plans for retirement. The report says the average retired household continues to spend in excess of NZ Superannuation,...
Change to qualifying age for immigrants and returning Kiwis

Change to qualifying age for immigrants and returning Kiwis

Immigrants to New Zealand and returning Kiwis who have spent a large portion of their working lives overseas will have to wait longer to qualify for NZ Superannuation. The New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill 2021 changes...
Why its more difficult transferring Defined Benefits

Why its more difficult transferring Defined Benefits

In 2016 the UK Financial Conduct Authority (FCA) made it compulsory when transferring a Defined Benefit scheme with a transfer value of over £30,000 to obtain advice from a FCA regulated adviser prior to transfer. In order to give this advice the FCA adviser needs to...
Socially Responsible or Ethical Investments for your UK pension

Socially Responsible or Ethical Investments for your UK pension

It can be argued that ethical investing dates back to at least 1758 when the Quakers ruled out investing in the slave trade. While there have been ethical screening funds around for more than two decades, socially responsible or sustainable funds have only been around...
Advised clients gain extra 5.2% in returns versus non-advised

Advised clients gain extra 5.2% in returns versus non-advised

The fourth Russell Investments ‘Value of an adviser’ report found preventing behavioural mistakes, advising on asset allocation, optimising cash holdings, tax-effective investing and planning, and expert knowledge were the key benefits of using an adviser....
How much do you need in retirement?

How much do you need in retirement?

Kiwis are generally optimists and poor savers. The majority believe they will be financially independent when they retire and have stopped earning an income. You need more than optimism to be financially independent when you stop earning an income. If you are not...
Scam by Banks – hidden foreign exchange fees

Scam by Banks – hidden foreign exchange fees

If you are using one of the major banks in New Zealand to transfer currency, you are probably being ripped off with hidden transaction fees. While banks declare a fee for transferring foreign currency, often the real undisclosed fee is hidden in the exchange rate that...
Taxation Increments Table

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...
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