Advantages:

• A UK pension that is repatriated to New Zealand will be available to you as a managed income or lump sum when you are eligible to withdraw it.
• In most circumstances your funds can be released in full or part before retirement age (subject to UK regulations effective from 6 April 2006).
• It is easier to keep track of your funds
• Peace of mind - you no longer have to worry about your overseas pension provider.
• The administration of your funds will be in NZ instead of the other side of the world. As an investor you would have greater access to information about how your money is performing and be able to contact the administrators if and when you need to without the hassle of dealing with an overseas company.
• By transfering your pension in one go you can eliminate transaction charges - current charges on regular pension payments can be as high as £25 per payment.
• Upon death any account balance is payable to your nominated beneficiary. There are no death duties levied in New Zealand.

Why SuperLife?

• SuperLife is a NZ owned and operated company and is a QROPS.
• Although SuperLife has a specialist pension transfers team, we also look after over 35,000 investment, insurance and KiwiSaver members which helps us keep our fees low.
• SuperLife has successfully completed hundreds of transfers:
  • Since 1999 for New Zealand residents, and
  • Since the 2006 rule changes for non-New Zealand residents.
• SuperLife gives you full control of your funds. When you are eligible to withdraw your pension you can choose to take it, or reinvest it with SuperLife.
• SuperLife has a range of investment options catering to all needs, and members can change their investment strategy at any time.
• SuperLife also has a foreign currency option where funds can be held on deposit in sterling.
• When withdrawn, funds can be paid in the currency of the member’s choice.