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Alun Rees-Williams

πŸ‘€ Speaker
290 total appearances

Appearances Over Time

Podcast Appearances

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

That's probably what that alludes to.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

Right at this point of time, there's no means testing.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

There's no anything else.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

So you can get whatever income you like from whatever source, and it's always on top of New Zealand super.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

Yeah.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

It's income.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

It's just income.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

So, again, if we think about state pensions for a minute as well, because we often get asked this, can I pick up a New Zealand pension?

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

super and a uk state pension so new zealand and the uk have a an agreement effectively a reciprocal agreement so you get one or the other so you can either get your uk pension or whatever proportion of it you're entitled to and that is used as the base and then new zealand super tops it up to the equivalent level over here

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

or you can forego that UK pension, which effectively is paid to the New Zealand government, and you get New Zealand super, which is the easier way of doing it.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

There was.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

Yes.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

I can tell you a little bit about that.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

It's not something that we...

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

particularly encourage people to do because, again, loopholes are loopholes.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

Not only can they be closed, they can be retrospectively changed.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

So there was a loophole where if you'd worked over 10 years in the UK, you could fund back and buy back the UK state pension.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

So you could fund it privately.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

I'm not sure of the exact amounts involved, but you could effectively pay a certain amount of money in.

The Prosperity Project
The forgotten pension money Kiwis are leaving behind

You'd get a massive benefit buyback on it.

1358.9 View full episode β†’