It’s business as usual for New Zealand Qrops despite the decision of one provider to withdraw from the market.
New Zealand has 50 QROPS registered with the UK taxman, according to the latest list on the HM Revenue and Customs web site.
Only one firm is withdrawing from accepting international clients. The scheme is closing because the provider’s ratio of international to local New Zealand clients is out of synch.
New Zealand QROPS are popular with ex pats because New Zealand is well regulated, there is no language barrier and New Zealand QROPS are quite flexible.
New Zealand QROPS are not a suitable retirement solution for every client, but some with specific financial goals/issues might find they can benefit from having a QROPS in New Zealand.
www.qropspensionservice.com is not restricted to a narrow range of QROPS schemes – neither in New Zealand nor elsewhere.
As professionals, www.qropspensionservice.com views New Zealand QROPS as a versatile option under the right circumstances. As with all transfers, careful planning is required.
The problems come when advisers and clients try to distort the purpose of a pension transfer – for the adviser this is often a commission-driven issue and for the clients, an attempt to subvert tax rules.
No one should have a problem with transferring funds to a New Zealand QROPS if they are following HMRC’s guidelines. For your free consultation contact: info@financial-management.co or on +34 657360286
