Latest Law Changes & Their Effect On Your Pension
Pension Laws are constantly changing. It is important to transfer sooner rather than later before more law changes come into effect. The next major change occurs on 1 December 2016 when all NZ superannuation schemes must be registered the FMCA and adhere to the new rules. You will have more options if you transfer your pension before then so that you money is invested in a superannuation plan that has a Legacy section. Existing plan members in Legacy schemes can then stay with the superannuation rules that were in place prior to the scheme switching to the FMCA rules. Does it sound complicated?
Call 0800 459 3673
and we'll explain the changes personally. It can take months to transfer a pension which is why you should consider transferring your UK pension urgently.
You cannot make a decision to transfer your pension until you know your options. Seeking advice from an impartial investment adviser at Lyfords will help you with your decision.