Potential advantages:

  • A UK pension that is repatriated to New Zealand will be available to you as a combination of a managed income and a lump sum when you are eligible to withdraw it.
  • It is easier to keep track of your funds - you no longer have to worry about your overseas pension provider.
  • The administration of your funds will be in NZ instead of the other side of the world. As an investor you would have greater access to information about how your money is performing and be able to contact the administrators if and when you need to. 
  • By transfering your pension in one go you can eliminate transaction charges - current charges on regular pension payments can be as high as £25 per payment.
  • Upon death any account balance is payable to your nominated beneficiary. There are no death duties levied in New Zealand.

 

Why SuperLife?

  • A subsidiary of NZX Limited, the operator of the New Zealand Stock Exchange.
  • We are a specialist pension team, we also look after over 40,000 investment, insurance and KiwiSaver members which helps us keep our fees low.
  • We have successfully completed hundreds of transfers:
    • Since 1999 for New Zealand residents, and
    • Since the 2006 rule changes for non-New Zealand residents.
  • We give you full control of your funds. When you are eligible to withdraw your pension you can choose to take it, or reinvest it with SuperLife.
  • We have a range of investment options catering to all needs, and members can change their investment strategy at any time.
  • We also have a foreign currency option where funds can be held in cash in sterling.
  • When withdrawn, funds can be paid in the currency of your choice.