Some significant changes have been made to the tax treatment of foreign superannuation funds. If you have already transferred a foreign pension scheme to NZ or are still considering transferring one, you need to consider the implications of these changes.
These changes apply from 1st April 2014, and affect all future pension transfers to New Zealand as well as previous pension transfers made since January 2000. The updated rules and tax obligations also vary depending on whether you were a transitional resident at the time of transferring your pensions to New Zealand.
Further detailed information is available at this link on the Inland Revenue website.
As this is a very complex tax issue, we do not have the expertise to provide you with any advice on your personal situation, the implications of these changes, or any potential tax obligations.
We recommend you immediately seek specialist tax advice to determine if any further action is necessary for your situation.