UK Pension Transfers to NZ With Full Withdrawal
Hi all
I'm new to this forum and am actually a kiwi myself :D. My wife and I have been living in London for a year and will be returning home shortly. First I have a piece of advice and that is to anyone currently working in the UK who will look at transferring a NI pension to NZ - arrange it before April 6th!! We had informal dealings with a particular NZ based pension transfer company who failed to inform us that you MUST contract out of the NI pension before the end of the tax year because you cannot claim pension funds paid in previous tax years. That slip cost us NZ$5.5k. Not exciting.
Needless to say we are now looking for another pension transfer firm. We are wanting to withdraw all funds asap as talked about here. I have been looking at TaxBack.co.uk and wonder if anyone can shed any light on good/bad experiences with this firm, or indeed any other alternatives.
Many thanks
Brad