- : 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
- : firstname.lastname@example.org
- : 0800459367
- : https://uk-pension-transfer.co.nz/
- https://www.facebook.com/Lyfordsukpensiontransfers/ |
- : 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 |
- : WISPA.NZ
- : 02/08/2019
Despite the hype surrounding Vodafone’s launch of the next cellphone technology, it risks a serious downside to thousands of rural broadband users, according to the Wireless Internet Service Providers Association (WISPA.NZ).
“Vodafone and its competitors are putting huge pressure on Government to reallocate radio spectrum so they can run 5G more cost-effectively,” WISPA Chairman Mike Smith says.
“However, some of the spectrum the mobile companies are trying to claim is already used commercially by about 30 regional WISPs, who collectively service many tens of thousands of rural customers. These customers are farms who use the Internet for business management, rural kids who use it for study, and rural people who depend on it for social inclusion. Most cant get Internet any other way.
“If the government responds to the cellphone companies’ land grab, some of those users could face more expensive Internet or even lose their hard-won connectivity altogether.
“The advantages of 5G are very much in the future. By contrast, WISPs are solving the connectivity issue for rural New Zealand here and now.
“It makes no sense to slow or reverse the progress made in connecting our major export sector, just so that some online games will work a nanosecond faster or city people can connect their home air conditioning to their car GPS. The benefits of 5G are marginal and futuristic, but basic connectivity for rural families and businesses is here, now, and economically essential.
“WISPA seeks a clear assurance from Minister Faafoi that no decision will be made to reallocate spectrum until the issues have been thoroughly aired in public.”
Contact: Mike Smith 0274503504 firstname.lastname@example.org
Alternative: Ernie Newman 0223764363 email@example.com
- : Mike Smith
- : Chairman
- : firstname.lastname@example.org
- : 0274503503
- : https://wispa.nz
- : NewzEngine.com
- : 03/07/2019
NewzEngine.com, an online service that enables companies, organisations and individuals to write and distribute media releases, has been launched today.
The subscriber-based service provides an easy way for NewzEngine’s customers to create regular, cost-effective, and professional communications about their activities, products and services.
Media releases are created through NewzEngine’s platform, then quality-checked by experienced editors, distributed to a network of journalists/editors, and listed by global information aggregators.
NewzEngine is created by Newztec Developments Ltd directors Selwyn Manning and Sarah Putt, who between them have over 40 years media and communications’ experience. Manning’s career includes roles as a journalist, editor, New Zealand Government press secretary, and news media specialist. Putt has worked as a journalist, public relations specialist and technology commentator.
Manning says: “Organisations and companies require a public profile to grow. Their voice is a valuable complement to the national debate. But reliable media relations support is often expensive and beyond the reach of many.”
“We have launched NewzEngine to help organisations pitch their news to targeted media, and, through syndication and aggregation, supercharge their message so it can reach an audience wider than they thought possible.”
To ensure their message reaches the desired audience, subscribers can select the geographical location and/or sector where they want their media announcement to be delivered within New Zealand.
NewzEngine’s online service includes a guide to writing media announcements, as well as media release templates. This ensures subscribers can create an effective and professional release. In addition to text-based releases, NewzEngine provides the ability for subscribers to upload photographs and video links to accompany their message.
Putt says: “Effective announcements are short, sharp and compelling. Our guide is designed to help subscribers inform professional media practitioners about their organisation’s new product, service, event or milestone achievement.”
“But when required, NewzEngine also provides a writing and media relations service,” Putt says.
Organisations can subscribe to NewzEngine as a monthly or annual service, starting from $70 per month. For more details, visit NewzEngine.com.
- : Sarah Putt
- : NewzEngine CEO
- : email@example.com
- : 0276177235
- : https://NewzEngine.com