UK Pension Transfer to NZ Scorecard

UK Pension Transfer to New Zealand Scorecard

Answer these 10 quick questions to get an instant indication of whether transferring your UK pension to a New Zealand scheme could be advantageous.

1. Are you a New Zealand tax resident (or planning to be for the foreseeable future)?
2. Are you under age 55 right now?
3. Is your UK pension a Defined Benefit/Final Salary scheme (guaranteed income)?
4. Do you want flexibility to take 100% of your pension as cash after age 55 (NZ rules)?
5. Is your UK pension over £150,000 (approx NZ$345,000)?
6. Do you have any valuable guaranteed annuity rates or protected tax-free cash above 25%?
7. Are you concerned about UK Lifetime Allowance tax charges (even though frozen)?
8. Do you want your pension to be in NZ dollars and avoid ongoing UK/GBP currency risk?
9. Would you like inheritance tax advantages (NZ has no IHT or UK death tax on pensions)?
10. Are you comfortable with investment risk and would like control over pension funds?

This scorecard is for guidance only and does not constitute financial advice. UK pension transfers are complex and irreversible. Always seek regulated advice specific to your circumstances, contact a Lyfords adviser today.

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