New expert NZ financial/legal service
Three experts have come together to provide a specialist tax, financial planning and legal service for those departing the UK for New Zealand as well as for those moving to UK from New Zealand. They are Geraint Davies, Managing Director of Montfort International plc, Michael Reason, Limited Partner of Michael Reason & Partners LLP (Anglo-New Zealand lawyers) and Greg Rathbun, Director of Gilligan Sheppard, New Zealand based Chartered Accountants.
The service has been launched because:-
• UK and New Zealand’s tax rules which can offer exceptional tax and financial planning opportunities for those migrating between NZ and UK
• Qualifying Recognised Overseas Pensions Schemes (QROPS) need to be specially managed and all three parties have completed preliminary work in order to launch a custom built, compliance driven Self Managed QROPS/NZ Superannuation scheme which will involve meeting the requirements of HMRC and New Zealand Government Actuaries Department
• A Service is needed to ensure that when New Zealanders come to UK to work; the financial advice they receive does not conflict with their NZ advice and vice versa for those moving to New Zealand
• They will be able to regularly exchange changing Technical Regulatory Material
• The firms involved will be a resource for Accountants, Lawyers and Financial Planners in both countries who do not have the technical resources to handle this complex technical area on a day to day basis.
The fiscal relationship between the UK and New Zealand is in many ways complementary and beneficial if used to its best advantage. With an integrated team of advisors to individual migrants and returning nationals, the three plan to maximise the value they can add to the returning nationals and migrant’s estate and financial plans.
The service has been launched because:-
• UK and New Zealand’s tax rules which can offer exceptional tax and financial planning opportunities for those migrating between NZ and UK
• Qualifying Recognised Overseas Pensions Schemes (QROPS) need to be specially managed and all three parties have completed preliminary work in order to launch a custom built, compliance driven Self Managed QROPS/NZ Superannuation scheme which will involve meeting the requirements of HMRC and New Zealand Government Actuaries Department
• A Service is needed to ensure that when New Zealanders come to UK to work; the financial advice they receive does not conflict with their NZ advice and vice versa for those moving to New Zealand
• They will be able to regularly exchange changing Technical Regulatory Material
• The firms involved will be a resource for Accountants, Lawyers and Financial Planners in both countries who do not have the technical resources to handle this complex technical area on a day to day basis.
The fiscal relationship between the UK and New Zealand is in many ways complementary and beneficial if used to its best advantage. With an integrated team of advisors to individual migrants and returning nationals, the three plan to maximise the value they can add to the returning nationals and migrant’s estate and financial plans.
Labels: NZ financial advice
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