Information on transferring a UK Pension
Many UK immigrants and New Zealanders encounter difficulties when attempting to transfer their UK pensions to New Zealand without expert help because of the complex nature of the transaction and the amount of time involved. We can help.
Perpetual is able to simplify the process, clarify taxation issues and eliminate much of the worry around transferring UK Pension Funds to New Zealand.
Using the Perpetual Portfolio Superannuation Fund (a superannuation scheme that is qualified to receive such transfers) Perpetual has received more than $50 million of funds from UK pensions.
UK regulations mean that only superannuation schemes that are Qualifying Recognised Overseas Pension Schemes (QROPS) can be used by former UK residents to transfer their pension funds to New Zealand. If funds are transferred into a non-QROPS scheme, it is deemed an “unauthorised payment” and the funds become liable for substantial tax penalties.
Many people with UK pensions have seen the benefits of transferring their funds to the Perpetual Portfolio Superannuation Fund.
It is important to get financial help. A Perpetual adviser will work with you through the pension process, and answer any questions you may have.
If you are ready to transfer your pension, you can complete a Letter of Authority. This will enable us to obtain information about your UK Pension Fund and get the ball rolling. Once it is completed, please print, sign and return to us.
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Letter of Authority
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Perpetual Portfolio Superannuation Fund
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Find an Adviser
For more information, please read our Frequently Asked Questions or Contact Us