Time Running Out for Overseas Pension Transfers
Time Running Out for Overseas Pension Transfers Proposed new IRD rules which may take effect from 1 April, 2014 will treat transfers or payments from overseas pensions as taxable income with certain exceptions. For the first four years of being in New Zealand the portion treated as income will be 0%. For each subsequent year […]
New Tax Rules for Overseas Pensions
New Tax Rules for Overseas Pensions A shake-up of current complex tax laws on foreign pensions has been set out by Inland Revenue (IRD). Under existing laws most holders of foreign pension funds, including UK pensions, should be paying tax as the funds grow. Pensions cannot be readily accessed to pay the tax so most […]
