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Top five tax tips for British expats in New Zealand by Terry Baucher of Baucher Consulting

23/8/2018

 
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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. 

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A UK 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. It is important to consider the benefits, risks and disadvantages before determining if a UK pension transfer is suitable. GBPensions recommends that all clients seek independent financial and tax advice, personalised to their individual circumstances.

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