Super super
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UK pension transfers

If you've emigrated from the UK to New Zealand, you may be thinking about bringing over your UK pension too.

Why transfer your pension?

Many people prefer to have their money invested and managed in the country where they live.

You can continue to add to your retirement savings if you want to.

Unlike the UK, there is currently no inheritance tax in New Zealand.

Your money will be managed locally, giving you access to global managers but with a local presence.

You will be able to talk to a local representative if you ever need assistance or have questions.

Transferring your UK pension

UK pension transfers are complex. We recommend that you seek financial advice and tax advice from a professional who is experienced in UK pension transfers to decide if transferring your UK pension is right for you.

At Booster we work with financial advisers across New Zealand who have years of experience assisting with UK pension transfers.

Assets and liabilities outside New Zealand

If you hold assets outside New Zealand, such as property or income, it's important to check your tax arrangements to make sure you're paying the right tax in the right country. You also need to do this if you have legal or financial responsibilities – liabilities – outside the country.

Whether you're a tax resident in New Zealand may affect what you might decide to do about any assets or liabilities outside this country.

Whether you're returning or immigrating to New Zealand, you may qualify for a transitional tax residency to ease your move.

Find out more from the Inland Revenue about tax residency and how to handle assets and liabilities abroad.

Fidelity Super-Super Plan, Number 3 Product Disclosure Statements

Download the Fidelity Super-Super Plan, Number 3 Product Disclosure Statement – Sterling Funds and Multi-sector Funds (203kB)

Download the Fidelity Super-Super Plan, Number 3 Product Disclosure Statement – Single-sector Funds (197kB)

For a copy of either or both Product Disclosure Statements for the Fidelity Super-Super Plan, Number 3, please contact Booster on 0800 336 338.

The Super-Super is a Recognised Overseas Pension Scheme (ROPS) which can accept UK pension transfers.

Questions?

If you have any queries or want to know more:

  • phone us on 0800 336 338
  • talk to your financial adviser, if you have one.