While the impact of Covid-19 on world economies has not fully played out and portfolios have taken a hit; in my opinion, we are not seeing a free fall in share markets. If you look at the US market from its high at the beginning of February to its low on 23 March we...
In 2016, the UK Financial Conduct Authority (FCA) made it compulsory for anyone wanting to transfer out of a Final Salary, or Defined Benefit (DB) Scheme, that had a transfer value of over £30,000 to obtain FCA advice prior to transferring from a UK registered...
If you transfer your UK pension within the first four years of becoming a New Zealand tax resident, you are exempt from paying tax on the transfer value. If you transfer after four years of becoming a tax resident, your tax liability will be based on the IRD tax...
‘Final Salary’ schemes – also referred to as ‘Defined Benefit’ schemes – are a hot topic of debate in the UK. People are questioning whether to stay in these schemes, or cash out of them based on the incentives being offered to exit...
The on-going Brexit negotiations and subsequent demise of the UK exchange rate have resulted in Brits who have moved to NZ (good choice!) swinging on the end of a pendulum; wondering if they should wait for a more favourable exchange rate, or bite the bullet and...
Everything you need to know about Pension Transfer Fees Some companies charge high fees for pension transfers, others charge low fees – and some charge none at all. What’s the difference? What’s the risk of taking up a free service? When you’re offered something...
It has been estimated that there is around £103 billion over 3,700 UK pension schemes in deficit compared with 1,800 in surplus. There are close to 11 million Brits holding defined benefit pensions. Out of that number it is estimated that 3 million will encounter...
