The Brexit referendum was held on 23rd June 2016. More than 43 months later, at 11.00 pm on 31st January 2020, the UK finally left the EU. What does this mean for British expats or returning Kiwis who are thinking of transferring their UK pension to New Zealand?
We first shared our thoughts about the potential ramifications of the Brexit vote on 29th June 2016. Since then, the political waters have been choppy and the feelings of both Leavers and Remainers have been shared passionately and vociferously.
"Now that the UK has officially left the EU, how could Brexit affect my UK to NZ pension transfer options?"
These radical changes were designed to give savers more choice over how and where they could invest their UK pension funds, potentially liberating many from the shackles of having to buy an annuity to provide an income for life (which had previously been compulsory for many UK pension schemes).
Are you sure you want to transfer your UK pension? Hang on a minute! Don't act until you understand all the options and implications.
I've already transferred my UK pension to a NZ QROPS. Is it possible to switch to another pension scheme?
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