- : Lyfords Pension Transfer
- : 10/10/2019
The on-going Brexit negotiations and subsequent demise of the UK exchange rate have left many British expatriots who have moved to New Zealand wondering what to do about their UK pensions.
Should they wait for a more favourable exchange rate, or bite the bullet and transfer their pensions now – knowing that it could get far worse before it improves?
Alison Renfrew, pension transfer specialist at Lyford Investment Management, has been advising British expatriots for 17 years on their options for transferring their pensions. She recommends that with some exceptions, transferring now is probably the better option.
“Firstly, if you’re worried about the exchange rate, you can keep your funds invested in GBP and convert them into NZD years in the future,” says Renfrew.
“More importantly though; pension transfer values seem to be really high at the moment.
“I advised a client earlier this month that her transfer value had increased by 25% in just six months. She now has another £145,168 ($281,776NZD) to transfer. This is phenomenal”.
Renfrew has not seen such a dramatic positive change in transfer values before.
On the very same day, Renfrew had a conversation with another client about her pension transfer value. She was offered a Cash Equivalent Transfer Value (CETV) of £59,731, or a pension of £900 p.a.
You would have to receive £900 p.a. for 66 years before you broke even – before you saw any investment returns from your retirement savings.
“It is 100% illogical to accept such a lousy deal,” Renfrew says.
When Renfrew compared current CETVs with promised pensions, she found little incentive to choose to have a taxable pension paid from the UK compared to receiving a far higher non-taxable income in New Zealand based on realistic investment projections.
“What Brits really don’t like is knowing that if they die prematurely their spouse will only get half of the income. In some cases, the spouse gets nothing”.
A major benefit of taking control and investing your transfer value to provide you with a retirement income is that you can access your money if you need to. Conversely, there’s no access to your retirement pot if you’ve elected to take a pension.
“Where is your financial security if you can’t access your money in an emergency?” Renfrew asks.
There are a couple of exceptions, of course.
Renfrew cautions Brits and returning Kiwis not to transfer their pension funds if they are uncertain where they’ll live for the five years after they have transferred their pension funds to NZ, due to tax obligations.
Renfrew further cautions that before deciding to transfer you need professional advice to ensure that all your options have been considered.
“Maybe you are one of the few who have a very attractive pension, and converting to cash would be madness.
“You really need to seek independent advice from a New Zealand investment adviser specialising in pension transfers before making the decision to transfer, because individuals simply don’t have access to the same resources advisers do. It’s important to make informed choices.”
Alison and Richard Renfrew of Lyfords have been specialising in UK to New Zealand pension transfers for over 17 years. Visit their website to find out more.
- photo of the london eye
- : Alison Renfrew
- : Certified Financial Adviser
- : email@example.com
- : 0800459367
- : https://uk-pension-transfer.co.nz/
- https://www.facebook.com/Lyfordsukpensiontransfers/ |
- : Sable Boutique
- : 09/10/2019
Sable Boutique, a Wellington-based online hair product store, is today releasing the Iles Formula Collection: a sought-after, salon-quality, three-step hair repair treatment that offers visible results from the very first use.
Sable Boutique owner Anthea Digby-Smith says that she wanted to stock Iles Formula because the results are so impressive across the board – but at the moment it is only available in a handful of salons in New Zealand.
“We think the Iles Formula is one of the most innovative and high-performing hair care products available, so we’re delighted to make it available to all New Zealanders online,” says Digby-Smith.
Iles representative Julie Fausett says that Iles Formula was once a secret ‘on-set formula’ used by celebrity hairdresser, Wendy Iles.
“These formulas will deliver the most sumptuous, lustrous hair you have ever had, from the very first use,” says Fausett.
A sophisticated blend of key raw ingredients, paraben free, cruelty free & sulfate free combined with high technology deliver instant results. The serum is a ‘one product does all’ giving volume for your root area, as well as smoothing the rough cuticles on mid-lengths and ends. No other foundation products are needed prior to blow waving.
Anna Kas (@kas_aesthetics) told her 18.2k followers on Instagram that Iles is:
“The best hair products ever. With amazing white floral boutique scent. My hair looks shiny, beautiful and sooo healthy with ILES FORMULA. Must try and then have it.”
“The formula is truly ground-breaking – it’s unlike anything else on the market,” says Digby-Smith.
The Iles Formula 3-step system is available to purchase now from Sable Boutique here, with options for LayBuy or Afterpay.
About Sable Boutique
Sable Boutique is an online store which is home to a beautiful curation of the highest quality international and local haircare products alike.
For anyone who isn’t sure about what products or accessories will be best for them, founders Anthea Digby-Smith and her team offer advice and assistance with finding the goods to get the results you’re after. They’re boutique and specialised – and right here in New Zealand.
- : Anthea
- : Owner
- : firstname.lastname@example.org
- : 044737422
- : https://sable.co.nz/
- https://www.facebook.com/sablefinehair/ | https://www.instagram.com/sableboutique/ |
- : VARIDESK New Zealand
- : 02/10/2019
Varidesk, a popular international brand that has been making inroads into the New Zealand market, is looking to change the traditional Kiwi office working environment with its innovative standing desks.
These desks allow for an easy transition between sitting and standing when working and feature desk converters that can even transform a normal desk into a sit-stand desk.
Varidesk NZ Director Dave Roberts says having a working environment that involves intermittent periods of sitting and standing can dramatically improve employees’ productivity, happiness and overall well-being.
“We are delighted to bring to market an exciting desk alternative, which will improve the work life of employees and home workers alike,” says Roberts.
“Companies are finding it harder than ever to recruit and retain talented employees. Creating an active workspace that thrives off employee energy and happiness is now integral to attracting the talent you need to grow your business.”
Varidesk standing desks are being used by organisations such as Sanitarium, PowerCo, and Victoria University – and for good reason, says Roberts.
“Recent studies have shown using a height-adjustable desk improves mood and boosts energy levels along with health improvements such as reduced risk of type 2 diabetes, cancer and heart disease,” he says.
Roberts notes that when people first start using a Varidesk they usually notice within a few days that their back and neck pains are either significantly reduced or dissipate completely. Notable improvements also include energy and focus.
“Since using the VariDesk, I’ve had fewer issues with back pain and am finding my posture improving each day incrementally. I’ve also noticed my attention drifting far less and I’m managing to stay focused for longer stretches during the day,” says Dan Grayson, Editor in Chief of Gameplanet.
All Varidesk products are high quality and easy to set up – there’s no flat-pack assembly, and you can be ready to work within minutes.
“It’s now easier than ever to transform your office into a happy, healthy and productive workspace without compromising on quality,” says Roberts.
- varidesk fitout
- : https://vimeo.com/245661801
- : David Roberts
- : Director
- : email@example.com
- : 072828994
- : https://varidesk.co.nz
- https://www.facebook.com/VarideskNZ/ | https://www.linkedin.com/company/varidesk-nz/?originalSubdomain=nz |