QROPS in New Zealand
New Zealand is an extremely popular location for British expats and retiring there is the dream of many English-speaking, developed and economically stable, it has plenty of space and opportunity for a relaxed retirement.
It is also a leading QROPS destination and holding a QROPS, whether in New Zealand or elsewhere, can be highly advantageous for expat retirees.
Make the most of your retirement with a QROPS
If you are a retiree living in New Zealand with a British private pension, a QROPS can help your money go much further than keeping it in the UK.
When you live in New Zealand for more than five years, there are numerous benefits to transferring your pension into a QROPS.
Advantages of a QROPS in New Zealand
As a British expat living in New Zealand, a QROPS arranged through STM allows you to:
- Receive your pension income into your New Zealand bank account in local currency, making you less vulnerable to currency fluctuations
- Avoid paying UK tax on the fund
- Benefit from lower maximum income tax rates than in the UK
- Choose the jurisdiction where your QROPS is held, to find the one that suits you best
- Deal with a local adviser in New Zealand, making it easy to manage your account
- Avoid UK inheritance tax
- Pass the fund on to your beneficiaries upon death
Is a QROPS right for me?
As long as you plan to live in New Zealand for more than five years and have over £100,000 to invest, then a QROPS is an excellent solution.
You will avoid paying UK tax and pay New Zealand tax at rates varying from 10.5% up to 33% on income over NZ $70,000.
Find out more about QROPS in New Zealand
Please contact STM QROPS for a no-obligation discussion to find out more about the advantages of a QROPS in New Zealand.