You have plenty to gain by transferring
By transferring your UK pension funds to New Zealand, you may be able to benefit by:
- holding your pensions in your new country of residence (you'll have more control of your funds if they're in the same time zone as you)
- eliminating the risk of currency exchange rate fluctuations
- the ability (in some cases) to withdraw some funds earlier than your UK retirement age
- the ability to draw out a larger lump sum, rather than as a smaller lump sum and annuity.
These benefits are likely to make your retirement planning simpler than holding your funds in the UK.
Start the process – no cost, no obligation
