Since HMRC (Her Majesty's Revenue & Customs) introduced Pensions "A" Day (6th April 2006), NZ residents have had two main options when it comes to transferring their UK pension. Having weighed up the pros & cons, they can either choose to leave it where it is or they can transfer it to a New Zealand registered superannuation scheme which has been listed by HMRC as a QROPS (Qualifying Recognised Overseas Pension Scheme) and therefore able to receive funds.
GBPensions now give their clients a third legitimate option: to move their pension into a UK registered SIPP (Self-Invested Personal Pension).
Leave it where it is, move to a SIPP or transfer to a NZ QROPS? Which will you choose for your British pension?
Bringing you news and updates regarding to pensions and events supported by GBPensions