IMPORTANT: This page is no longer being updated. It is here solely for historical record purposes. All the information below is out of date.
There is much mystifying work and detail to get an overseas pension transferred to New Zealand.
Our latest story is here.
The authorities have agreed systems for this between countries, but in working with these systems there is considerable effort and cost involved, almost all of which reduces the benefits of making the transfer.
Further, there are new regulatory and tax imperatives that drive people to have to do this anyway.
The following list is of the qualified UK schemes for New Zealand. We will add schemes approved by other countries based on reader requests.
This list is intended to make these costs more transparent. For fund returns, click the fund name if hyperlinked.
Readers are welcome to send us details for inclusion.
| QROPS qualified schemes | |||||||
| Transfer Fee | Entry Fee | Exit Fee | Annual Mgmt Fee | Switch Fee | Other Fee | Type | |
| AMP (NZ Retirement Trust - NZRT) | 0 | 0 | depends on funds invested into (ranges from 0.20% to 0.90%) | 0.8% |
Admin & Trustee Fee Advisers may charge a one-off Adviser fee on the initial transferred amount and/or an ongoing service fee (these fees are subject to Adviser discretion) |
||
|
AMP KiwiSaver Scheme (no longer qualifies) |
0 |
0 |
0 |
0.184% to 0.60% |
0 |
$2.95 p/mth 0.35% to 0.525% p.a |
Admin Fee Member Fee |
|
AON KiwiSaver Scheme (no longer qualifies) |
0 |
0.0% to 0.32% |
0.0% to 0.32% |
0.39% to 0.81% |
$4.15 p/mth
0.2% p.a |
Admin Fee Audit, legal, Investment Consultancy fees all deducted from unit price |
|
|
Ascot New Zealand |
0 |
As agreed on joining |
0 |
As charged by the investment managers. |
0 |
NZ$5 per month and 0.3%p.a. |
Administration fee |
|
Blueprint Portfolio Superannuation Fund (formerly Perpetual Trust) |
0 |
2% of amount withdrawn in in year 1 of membership and 1% of amount withdrawn in year 2 of membership. No fee after year 2 |
1.60% |
0.05% |
Trustee Fee |
||
|
Britannia Superannuation Scheme 2012 |
up to 5% |
0.95% |
0.4% & 0.39% to 1.01% |
Plan B Issue Fee and underlying fund management fees |
|||
| Brooklands (NZ) Superan Scheme No.1 | |||||||
| Brooklands (NZ) Superan Scheme No.2 | |||||||
| Clarke Investments 2012 Ltd Superan Fund | |||||||
|
Craigs IP kiwiSTART Defined Scheme (no longer qualifies) |
1.25% |
1.25% |
0.75% to 1.25% |
0 |
$60 p.a. |
Admin Fee |
|
|
Craigs IP kiwiSTART Select Scheme (no longer qualifies) |
1.25% |
1.25% |
0.75% to 1.25% |
0 |
$60 p.a. |
Admin Fee |
|
|
Craigs IP SuperStart Scheme |
either up to 1% or 2.5% depending on scheme |
either up to 1% or 2.5% depending on scheme |
0.75% to 1.25% |
0 |
|||
|
Fidelity Super -Super Plan Number 3 |
up to 5%* |
0 for first withdrawal; $60 per withdrawal in same calendar month thereafter 1% if lumpsum withdrawal inside 1st year following deposit; 0.5% if withdrawal made inside 2 years |
max of 1.08% (after tax) |
0 for first switch; $60 thereafter if switch in same calendar month |
0.70% pa
1% |
Discretionary management fee
|
|
|
Fisher Funds Growth Kiwisaver Scheme (no longer qualifies) |
0 |
0 |
0 |
1.08% to 2.24% (before tax) based on current Total Fund Fees (TFF) |
up to two free switches per annum |
$3 p/mth |
KiwiSaver member fee. Performance fee may be paid to the manager from the various funds and this is currently included in the TFF |
| FMS Superannuation Fund | |||||||
|
Forsyth Barr Kiwisaver Scheme (no longer qualifies) |
0 |
0 |
0 |
1% + up to 0.2% scheme expense fee |
up to two free switches per annum then $25 per switch subject to minimum lump sum switch of $500 |
$3 p/mth |
KiwiSaver member fee |
| GBP International Superannuation Scheme | |||||||
|
Generate Kiwisaver Scheme (no longer qualifies) |
0 |
0 |
0 |
1.27% to 1.76% based on sum of listed fees but before performance fee |
0 |
$3 p/mth |
KiwiSaver member fee |
|
GMI Superannuation Scheme |
0 |
0 |
0 |
Max fee of 1.5% p.a. (min fee is $120 p.a.) Fees based on sliding scale which reduces as sum invested increases |
0 |
0 |
|
|
Grosvenor KiwiSaver Scheme (no longer qualifies) |
0 Financial adviser may charge a fee for advice on suitability of transferring to KiwiSaver |
0 |
0 |
0.5% to 1% |
0 |
$3.33 p/mth
0.18% p.a 1.1% p.a
$30 0.04% p.a |
KiwiSaver member fee Administration fee Gearing fee (for Geared portfolio) Withdrawal fee per withdrawal Trustee fee
|
|
i-Select Superannuation Scheme |
Advisers may charge a maximum of 5% - typically 2% or below |
0 |
maximum annual fee is 2.05% |
|
0.4% pa 0.35% pa up to 1.3%
|
Trustee fee AEGIS fee Adviser fee Fees listed above are components of the annual fee total of 2.05%
|
|
|
Kiwi Wealth Kiwisaver Scheme (no longer qualifies) |
0 |
0 |
0 |
max 1% of member balance p.a subject to min of $50 p.a |
0 |
||
| Koinonia Fund | |||||||
| Lightfoot Ltd Superannuation Scheme | |||||||
|
Medical Ass. Society Retirement Savings Plan |
0 |
0 |
up to 5% for early withdrawal |
0.5% to 1% |
First switch free then $50 per switch |
$6,000 p.a
0.02% p.a |
Trustee fee paid by various funds Various expenses and operating costs |
|
Medical Assurance Society Kiwisaver Plan (no longer qualifies) |
0 |
0 |
up to 5% for early withdrawal |
0.5% to 1% or min $50 which ever is greater |
First switch free then $50 per switch |
$6,000 p.a
0.02% p.a |
Trustee fee paid by various funds Various expenses and operating costs |
|
Milford Kiwisaver Plan (no longer qualifies) |
0 |
0 |
0 |
max of 1.05% + performance fee for Active Growth Fund - not included in annual management fee cap |
0
|
$3 p/m |
KiwiSaver member and admin fee |
|
NZ Endeavour Fund |
NZ$1500 or £750 establishment fee |
NZ$500 to NZ1,000 for residents & £100 to £500 for non-residents |
1%
£32.50 per quarter
£25 £10 £20
£50
£50 p.a
max 1%
|
Management Fee paid to fund manager (TAM) Nominee/custody fee paid to TAM Clearing House Automated Adhoc withdrawal fee Foreign exchange fee Payment System transfer fee Account closure fee Professional fees debited against member account Financial adviser fee for monitoring and advice |
|||
|
NZ Funds Kiwisaver Scheme (no longer qualifies) |
$100 per transfer |
0 |
0 |
1.15% to 1.50% (Strategy fee target) |
$37.48 transfer fee to another KiwiSaver provider |
$3 p/m
|
KiwiSaver member and admin fee
|
| Portobello Motels (2012) Ltd Superan Fund | |||||||
|
Smartshares Kiwisaver Scheme (no longer qualifies) |
0 |
0 |
0 |
$40 p.a. 0.65% to 0.85% |
0 |
0 |
|
| Stonebarrow Ltd Superannuation Fund | |||||||
| Super Trustee Fund | |||||||
|
Superlife Kiwisaver Scheme (no longer qualifies) |
0 |
0 |
$100 may be charged |
0.3% to 0.86% |
0 at present |
$2.75 p/m & 0.2% p.a.
0.03% |
KiwiSaver admininstration fees Trustee fee paid by the various funds |
| Tait Electronics Ltd Kiwisaver Scheme | |||||||
|
Westpac Kiwisaver Scheme (no longer qualifies) |
0 |
0 |
0 |
0.3% to 0.7% (excludes Capital Protected Product range) |
0 |
$2.59 p/m
0.04% |
KiwiSaver member and admin fee Trustee Fee |
| * = Part or all of these fees go to advisers | |||||||
Update October 2015: Due to changes in the QROPS legislation KiwiSaver schemes are no longer appropriate vehicles for UK pension transfers.
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