Pension Transfer

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Pension and Superannuation fund transfers  

If you’ve moved to New Zealand from the UK or Australia or are planning to retire here transferring your pension and/or superannuation funds could be a smart financial move.

With the right advice, this process can help you simplify your retirement planning, reduce tax exposure, and gain more control over your future income.

Why Transfer your Pension/Superannuation to New Zealand?

1. Relocation and Retirement in NZ
For UK expats settling in New Zealand, keeping pension funds overseas can create complexity. Transferring your pension brings your retirement savings closer to home and makes it easier to manage withdrawals in NZ dollars.

For people who hold Australia transferring your superannuation accounts, have benefits that include lower fees, easier management, greater visibility and provides you the option to consolidate your funds into one portfolio, so to simplify paperwork and income reporting.

2. Currency Stability
Converting GBP or AUD to NZD regularly can expose your savings to exchange rate volatility and fees. A pension fund held in NZD helps reduce this risk and avoids ongoing conversion costs.

3. Investment Flexibility
Some UK pension schemes have rigid structures. By transferring to an approved New Zealand scheme, you may gain greater flexibility over:

  • Investment options

  • Withdrawal timing

  • Beneficiary arrangements

4. Tax Efficiency
New Zealand offers a four-year transitional tax residency period, during which transfers of overseas pensions may not be subject to NZ income tax. Transferring within this window can lead to significant tax savings. In addition, the UK, Australia and New Zealand have tax treaties designed to prevent double taxation of pension income.

5. Estate Planning Benefits
Pensions transferred to New Zealand may offer better inheritance options. You can structure them to suit your family’s needs, often with fewer restrictions and potential tax benefits compared to UK schemes.

If you're considering a transfer, contact us today to explore whether it's the right move for you.