Why is the press not all over this?
#18
BE Enthusiast
Joined: Jul 2008
Location: Auckland
Posts: 463
Re: Why is the press not all over this?
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.
#19
Lost in BE Cyberspace
Joined: Jun 2005
Location: In a large village called Auckland
Posts: 5,249
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
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
Last edited by Bo-Jangles; Aug 2nd 2012 at 9:57 am.