UK Pension Transfers
Transferring your UK Pension is an important part of permanently migrating to New Zealand. If you have made the decision to live out your years here, then you will benefit from talking to one of our experienced advisers about moving your pension into a New Zealand superannuation scheme.
UK Pension Transfers
Transferring your UK Pension can be daunting. Navigating your way through the myriad of advertisements and offers can seem like too much on your own. What you need is solid financial advice from a qualified adviser. At Lifetime, we can help you understand the complex tax laws involved and ensure that you are getting the best deal possible.
Your pension is an essential part of your retirement plan and we will ensure that your funds are moved to the right scheme for your individual needs. We will also work closely with you going forward to ensure that your investments continue to provide sufficiently for your retirement.
Those who choose not to transfer their pensions can be faced with large tax bills when they come to claim their funds. In addition, claiming a pension from the UK can be difficult, especially if you are also eligible for NZ Superannuation. Moving your Pension to a New Zealand scheme will make it easier to plan for your retirement and give you the benefits of a locally managed scheme.
At Lifetime, you can be sure that we understand the complex nature of UK Pension Transfers. Incorrect advice can be disastrous for you and your retirement plans. We work closely with specialists and keep ourselves constantly updated on the changing legislation to make sure that you are receiving the best possible advice. Our main concern will always be your long-term financial needs. As every pension is different, it is essential that your individual situation is fully assessed and considered before any money is moved.
Planning for your retirement is a complex challenge. Transferring your UK Pension is just the start. At Lifetime, we can give you expert advice on your long-term plans so you can be safe in the knowledge that you and your family are taken care when you retire.
It is the Custodian’s job to safeguard your assets and hold them in bare trust for your benefit. This means that if there are any financial problems with the Fund Manager, your investments are ring-fenced in a separate legal entity.
When you analyse the habits of those considered financially successful, you start to see trends in their everyday behaviour, Julian Lingard says.
1. They keep learning
Once they’ve identified areas in which they want to gain wealth, they start educating themselves in those fields.
Invest in your self-knowledge by reading the relevant books, following the right bloggers and spokespeople, and keeping up to date with policy changes in the news. A lot of websites in New Zealand even send daily or weekly updates to your mailbox. There are tons of resources out there (although it’s important to first check their credibility) that will help educate your financial decisions.