New Zealand QROPS

New Zealand is consistently amongst the top 3 QROPS jurisdictions in terms of the number of transfers received and their schemes are open to both residents and non-residents of New Zealand.

One of the major attractions of the New Zealand QROPS option is the ability for an individual to access up to 100% of their pension fund, as a lump sum, without any liability to New Zealand tax.

The New Zealand Revenue will tax any investment growth accrued whilst funds are held within a New Zealand QROPS and for this reason QROPS in jurisdictions such as Guernsey and the Isle of Man are often more suitable for longer term QROPS planning.

In August 2011 the Financial Markets Authority (FMA) in New Zealand proposed a draft bill which could effectively lead to non New Zealand residents being unable to transfer their pensions to New Zealand in the future.

To find out the latest position regarding this matter or about transferring your pension fund to New Zealand please complete the quick enquiry request form opposite or call our expert advisors now: +44 (0)1372 724 249.