Pension Transfer to NZ for Australia

You can now transfer your pension to New Zealand and draw your pension income in Australia thanks to the Trans-Tasman Retirement Portability Agreement.

Currently, there is only one pension scheme which is both a NZ ROPS and also registered in Australia.

This is an option due to the caps and age restraints surrounding UK pension transfers to Australia directly.

The New Zealand pension transfer solution is for expats who want to transfer their pensions out of the UK tax net in one single transfer and still pay no income tax on their pension in Australia.

When transferring your pension to NZ, your existing UK pensions are taken out of the UK tax net. When you draw your pension income at age 55 or later, your pension is paid tax-free into your Australian bank account. There is no tax on growth, death or income.

You can choose a managed account in either GBP or AUD.

British expats can transfer their existing UK pensions to NZ and pay no income tax in Australia

Irish expats can transfer their existing Irish pensions to NZ and pay no income tax in Australia

Dutch expats can transfer their existing Dutch pensions to NZ and pay no income tax in Australia

Australian expats can transfer their existing UK pensions to NZ and pay no income tax in Australia

QROPS Australia / ROPS Australia / QROPS New Zealand / ROPS New Zealand pension transfers

Transferring a pension to New Zealand for tax residents in Australia.