Terry Baucher of Baucher Consulting is a well-regarded tax specialist, whom we regularly recommend to clients. In this guest blog, Terry shares some insights, and highlights a few of the important differences between the tax regimes in the UK and NZ.
First, and this is not always as obvious as you might think, New Zealand’s tax system is very different from that of the UK. For starters, there is no tax-free personal allowance, so every dollar of income is taxed.
Are you sure you want to transfer your UK pension? STOP! 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?
St George, St Andrew, St David and St Patrick - who were they and why were they adopted as the British and Irish patron saints?
SIPP or NZ QROPS? How might changes to UK pension legislation in 2017 affect your UK-NZ pension transfer options?
Is the shine wearing off the traditional "gold plated" pension? A summary of the current situation with UK Final Salary Pension Schemes
Research by retirement consultancy, Mercer, found that the combined DB pension scheme deficit of the UK's 350 largest listed companies was £137 billion in December 2016. That figure was 300% higher than in December 2015.
How and why has this situation occurred?
In this article we take a brief overview of a very complex subject. By explaining some facts we hope to give readers a greater understanding of how all this may affect their UK-NZ pension transfer options.
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