976503153
News

QROPS ringfencing won't be easy

Wednesday 8th of July 2015

KiwiSaver schemes have lost their QROPS status, meaning savers who transfer British pensions to them face a hefty tax bill.

Residents whose pensions were transferred into a KiwiSaver provider that qualified as a QROPS before the rules changed will not be taxed as long as the transfer was done by June 17.

The IRD is to report to Ministers on the next steps and how KiwiSaver provide...

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.