Re: Why is the press not all over this?
 

Not sure I understand.

Re: Why is the press not all over this?
 

I really like the articles this man writes; he gives a good voice to the immigrants in New Zealand.

Re: Why is the press not all over this?
 

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.

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?
 

I know that ;) Hence my post.