Contained below is most of the relevant legislation pertaining to pension transfers between the United Kindgom and New Zealand.
|Proposed NZ legislation changes in respect of tax on foreign superannuation
Contained within this proposed legislation is the new tax regime for taxation on foreign superannuation. This legislation sets out the retrospective tax system as well as the new tax rules going forward… tax on foreign superannuation
|Latest QROPS legislation effective from 6 April 2012
|Double taxation treaty between New Zealand and the United Kingdom
The double tax treaty sets out the mechanism for taxation of pensions and annuities – this is outlined in Article 19 and shows that tax is only paid in the country of tax residence of recipient of the annuity or pension… double tax treaty
|White paper on the extension of zero-rate PIE status to superannuation schemes
The creation of the zero-rate PIE (portfolio investment entity) regime effectively allows non-residents to invest in New Zealand superannuation schemes and not be taxed on the growth in those schemes… zero-rate PIE