SIPP or NZ QROPS? GBPensions now offers a genuine choice to New Zealand residents of where to transfer their UK pension

​If a pension transfer is appropriate for you, GBPensions is now offering a legitimate alternative to the usual UK pension transfer to a NZ registered QROPS (Qualifying Recognised Overseas Pension Scheme.) Our clients now have the option of transferring to a UK registered SIPP (Self-Invested Personal Pension) – a choice which could provide significantly better benefits for some clients, in terms of tax and access to funds.

In fact, GBPensions' director Tony Chamberlain is adamant that, if a client is aged 55 or older during their first 4 tax years of residency in New Zealand, they should investigate the option of a SIPP as well as a NZ QROPS. The benefits are not limited to those who fall within these criteria however, and other clients – depending on their circumstances and goals – should also consider using a SIPP for their transfer.

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