Village 360

Immigration

Moving here from Overseas? Should I transfer my overseas assets in to New Zealand?

Before transferring any assets, consideration should be made to the following:

1. What benefits will I be giving up should I decide to transfer.
2. How will the overseas investment be taxed by the country of origin and the IRD?
3. How long do I intend to reside in New Zealand? Am I a permanent resident?

Having been through the immigration process within the past decade, we will be happy to share our experience with you. We can help manage your expectations and hopefully your transition in to living in this beautiful country. The grass here is typically very green and there’s certainly lots of it. However it is still common for migrants to return to their country of origin disappointed, simply because expectations have not been met.

Generally speaking, a great deal of care should be taken when transferring assets from overseas to New Zealand, specifically in the areas of pensions or superannuation. We are happy to go on record to state that we have seen evidence of inappropriate advice here in New Zealand where there can be no doubt that the surrendering of an overseas domiciled investment was ill advised. We will not recommend the transfer of any overseas assets in to this country without fully researching the issues at hand, including your circumstances.

We have a long term working knowledge of the UK pension environment and also of the UK Revenue's QROPS regime and associated requirements.

Our team will be pleased to help you through this minefield. For further assistance, please contact us.