Media Release MR No. 2014 – 047 18 December 2014 The Financial Markets Authority (FMA) is warning people to be cautious of potentially misleading and deceptive advertising about transferring United Kingdom pension scheme entitlements to New Zealand. The FMA has been monitoring promotional materials and advertisements that encourage people to transfer their UK pension scheme […]
Government has announced a ban on transferring funds from public service pension schemes overseas Workers in the NHS and the Armed Forces who are looking to move their pension overseas at retirement have very little time left to make the change after the Government announced a ban on pension transfers for unfunded defined benefit (DB) […]
The Government has made changes to the tax rules for foreign superannuation. The changes are intended to make the rules simpler and easier to comply with. The changes are contained in the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014.. The new rules l became effective from 1 April 2014.
New QROPS rules came into force on the 6th April 2012 . These include Maximum Lump Sum 30%, balance must provide income for life. Earliest Access to Pension age 55. All Pension payments reported to HMRC for 10 years after transferring. If you live in NZ transferring your UK Pension to NZ still has many […]
UK Treasury recommending transfers from public and private sector defined benefits Pension schemes be severely restricted from April 2015 – Consultation This course of action has been forced by underfunding and concern about the future viability of these schemes. Major public sector schemes are NHS, Teachers, University, Armed Forces, Police, Fire Service and all Local […]