Many people who move to New Zealand to make a new life for themselves or are Kiwis returning to Aeoteroa to raise a family and enjoy the lifestyle they remember, have accumulated pension and superannuation funds whilst working overseas. Those who decide to make their life here often decide to transfer their wealth here too, which means looking at the options for moving their pensions to NZ.
Richard and Jennifer have lived in New Zealand for around 10 years. They came to G3 approximately 2 years as they wanted expert and impartial advice on whether they should transfer their UK pensions to NZ, and if so, how they should do this, what type of scheme should their funds be transferred to and how should their money be invested so that it can continue to grow to aid their retirement planning.
Richard and Jennifer moved to New Zealand 10 years ago with their then 8 and 6 year old children.
Richard had two types of pensions in the UK – a personal pension and a free-standing Additional Voluntary Contribution (AVC) pension.
Jennifer had two final salary pensions based upon decent service periods with two UK employers, plus she had another ‘money purchase’ employer scheme and one personal pension.
They decided that they are not moving back to the UK as they love the lifestyle in NZ.
Which adviser is going to give them the best help as there are so many adviser advertising that they are able to facilitate the transfers of their behalf.
They are confused by how advisers charge for this service and what it is going to cost them.
They know they can transfer but do not understand the rules and regulations around where their pension fund money is able to be transferred to and why.
They are confused by the tax rules in New Zealand when transferring their overseas money and how these could affect them and what tax they will have to potentially pay upon transfer.
They want to ensure they do the right thing with their pension funds, as they have spent many years working hard and accumulating this money, which is going to help them with the passive income they need in retirement.
All of our services can be provided separately as required. However we find in most situations our clients require their own particular combination. We follow the process pictured above to ensure we provide each client with exactly the service to suit circumstance and budget.
G3 has been working with us for both our company and personal finances. We have found G3 to be knowledgeable and passionate about service.
They provide the right solutions for us and our staff through thorough research and recommendation.
They are always available to discuss any queries and explain things in terms I understand.
Greg and Robyn Jensen, Tauranga
As a busy couple we had neither the time, experience or knowledge to be able to transfer our UK pensions over to NZ or to sort out a financial plan
that would set us up for retirement. Thank goodness we found G3 Financial Freedom, their advice and guidance has been invaluable.
Chris & Sheenagh Pritchard, Christchurch
We have been delighted with the service and support we have received from Charlene and the team at G3.
We love the way they carefully analysed whattype of investors we are and helped us make decisions on long-termfinancial planning based on our needs.
Mike & Carolynne Masson, Omokoroa, Tauranga