Summer is here in the Southern Hemisphere, bringing with it long, (hopefully) warm evenings under the stars, sand between your toes on Christmas morning, and fish and chips on the beach after work.
While people back home in the UK are settling in for winter, on this side of the world, December and January look, feel – and even smell – quite different.
Whether you’re a recent migrant, or you’ve been here a while, a Kiwi summer may have been part of the reason you wanted to move.
You may already be planning for the months ahead to be full of trips to beautiful beaches, on our accessible and often still deserted coastline, barbecues with friends and family or even road trips around the country.
Sometimes the simple things are what really makes life enjoyable, and New Zealand summers can feel like permission to breathe.
Making the most of your new home
Whether you are still planning your move or have found your new home here, you’ll be able to enjoy your new, New Zealand lifestyle even more when some of the practical stuff is sorted.
Having your financial foundations in place can leave you free to relax and get on with loving the simple life.
For many people moving from the UK, sorting your pension and long-term investments will be part of making your Southern Hemisphere dream a reality.
Should you transfer your pension?
Many people find it makes sense to move their pensions to New Zealand.
Currently New Zealand does not apply tax on savings when they are withdrawn, and if you move your money within four years of becoming an NZ tax resident, you will not pay tax on it to the UK.
We can help you to think about how such a move might work with your wider investing goals, and what might be an appropriate decision for your circumstances.
There may be other factors, such as exchange rate movements, to consider, too.
When you know what your options are and have a plan, everything is likely to feel easier.
Then you can spend the coming months on the water or drinking in the scenery, rather than thinking about your investments.
You might be surprised at how straightforward a pension transfer can be.
Like to talk?
Now might be a good time to look at your financial footing, especially before a new financial year starts.
The team at Pension Transfers is here to help you understand your UK pension options, New Zealand investment opportunities, and how it all fits together to get you to your goals.
Summer in New Zealand isn’t just a season — it’s a lifestyle. And with the right financial planning, it can be everything you’ve imagined.
Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current developments or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.
