Transferring a UK pension scheme to a NZ scheme that is also a QROPS, can help mitigate, if not totally eradicate, this potential tax liability. In some cases it may be more beneficial to transfer to a SIPP than to a NZ QROPS. You may even choose to leave your UK pension where it is. The important thing is to gain an accurate picture of your situation, so that you can make an informed and appropriate decision.
A pension transfer to a SIPP or NZ QROPS may not be relevant or appropriate in all instances. The decision whether to transfer or not is complex, and it is important to consider the benefits, risks and disadvantages before determining if a transfer is suitable. GBPensions recommends that all clients seek independent financial and tax advice, personalised to their individual circumstances.