Why is the press not all over this?
QROPs and the proposed changes to tax law that will effectively tax immigrants on the pensions they have transferred to NZ from the UK when we were ALL told (apparently) that this method WAS 100% tax free so long as all rules were followed???
It seems like utterly dishonest and down right unfair. Like buying a new car and the servicing is agreed at 12 month intervals over 5 years to ensure your warranty is valid. BUT the makers decide you have to get your motor serviced EVERY 6 months now..after you bought the car!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! apparently the IRD can do what it likes. Is that fair? I THOUGHT NZ WAS A DEMOCRACY?????????????????????????? The IRD appear to be behaving like a dictatorship. Have I got this all wrong or are my thoughts correct????????????????????????????????? Mind you there was very little in general about $5 billion going up in smoke from you know where. The people in this country are so apathetic..MAKES ME WANT TO SCREAM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
Re: Why is the press not all over this?
Ermmm.......welcome back, Genesis!! :D
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Re: Why is the press not all over this?
just waiting for another financial upset to get stuck in to
could go back to the uk and claim the pension there...problem solved |
Re: Why is the press not all over this?
Brill. Glad you're back and on top form Genesis :wub:
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Re: Why is the press not all over this?
Originally Posted by Genesis
(Post 10204048)
The people in this country are so apathetic..MAKES ME WANT TO SCREAM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
<heads back to couch to suck bonbons> |
Re: Why is the press not all over this?
Originally Posted by Justcol
(Post 10204400)
just waiting for another financial upset to get stuck in to
could go back to the uk and claim the pension there...problem solved |
Re: Why is the press not all over this?
Originally Posted by bourbon-biscuit
(Post 10204451)
PS: we're not apathetic, we're just too busy Living the Dream hooked on good coffee to worry about stuff like this and the end of the world and all that.
Thing for me is that I'm not of an age where I have time to try & recoup. I have to worry. I have no choice. |
Re: Why is the press not all over this?
Originally Posted by BEVS
(Post 10204473)
Thing for me is that I'm not of an age where I have time to try & recoup. I have to worry. I have no choice.
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Re: Why is the press not all over this?
Originally Posted by Genesis
(Post 10204048)
QROPs and the proposed changes to tax law that will effectively tax immigrants on the pensions they have transferred to NZ from the UK when we were ALL told (apparently) that this method WAS 100% tax free so long as all rules were followed???
It seems like utterly dishonest and down right unfair. Mind you there was very little in general about $5 billion going up in smoke from you know where. The people in this country are so apathetic..MAKES ME WANT TO SCREAM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! just in case WE hadn't noticed all the NZ editors appear to have shot across the Tasman and, of course, their pensions aren't worth taxing sorry about the sticky stuff on the screen, that was one of me blurd vessels! :getcoat: |
Re: Why is the press not all over this?
What is needed is a Kiwi in the same boat. That would get 'em shouting unfair play.
We don't count. |
Re: Why is the press not all over this?
Originally Posted by BEVS
(Post 10204580)
What is needed is a Kiwi in the same boat. That would get 'em shouting unfair play.
We don't count. |
Re: Why is the press not all over this?
Lincoln Tan at the Herald would be the man for the job, he generally gets behind all migrant stories.
http://www.nzherald.co.nz/lincoln-ta...s.cfm?a_id=308 |
Re: Why is the press not all over this?
Originally Posted by bourbon-biscuit
(Post 10204451)
<heads back to couch to suck bonbons>
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Re: Why is the press not all over this?
If it waste other way round we'd all be getting arrested for tax evasion!!
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Re: Why is the press not all over this?
Originally Posted by Bo-Jangles
(Post 10204665)
Lincoln Tan at the Herald would be the man for the job, he generally gets behind all migrant stories.
http://www.nzherald.co.nz/lincoln-ta...s.cfm?a_id=308 |
Re: Why is the press not all over this?
Originally Posted by RachelG12
(Post 10205669)
If it waste other way round we'd all be getting arrested for tax evasion!!
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Re: Why is the press not all over this?
Originally Posted by Genesis
(Post 10205675)
Have e mailed him..my chap at the Dom has gone to ground, now there is a surprise.
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Re: Why is the press not all over this?
Originally Posted by BEVS
(Post 10204580)
What is needed is a Kiwi in the same boat. That would get 'em shouting unfair play.
We don't count. This won't affect the ones that were away for an extended holiday just taking whatever work that they could get when they needed it but there are kiwis that held down regular work while they were away. |
Re: Why is the press not all over this?
There was a piece already in the Herald at the weekend
Fish-hooks on all sides for foreign savings Holding foreign retirement savings is a Catch 22 situation. Whichever way you turn there are fish-hooks. Tens of thousands of Kiwi residents have built up sizeable overseas retirement pots. Be they Kiwis by birth, or migrants, the question of what to do with those savings arises when they become residents here. There's a whole industry of companies encouraging people to transfer UK private pensions to New Zealand. They are the single biggest group that transfers retirement savings to New Zealand. The pensions are transferred from the UK into qualifying superannuation or KiwiSaver funds here. Simple, huh? Unfortunately not. There is a lot of confusion about bringing overseas retirement savings home. Making the wrong move can be costly. Continues http://www.nzherald.co.nz/business/n...ectid=10822666 |
Re: Why is the press not all over this?
Originally Posted by Clappy
(Post 10206079)
This does affect kiwis too if they have lived overseas for a while and returned home having accrued a pension fund while they were away.
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