Alun Rees-Williams
👤 SpeakerAppearances Over Time
Podcast Appearances
you're starting to pay tax on your growth.
So the growth in theory should be smaller in New Zealand than it would be in the UK.
So if we leave them alone completely, you end up with a bigger lump sum of money, assuming returns were identical.
You end up with a bigger lump sum of money in the UK than you would in New Zealand.
But then you pay tax on it coming in.
So for a lot of people, it's just...
How can I use it?
How is it easier to deal with long term?
Do I want to be 80, 90 years old still having to file tax returns?
Probably not.
Will things be easier in the future?
Quite likely.
Will tax change?
Will the way pensions or, you know, superannuation over here is dealt with?
Possibly.
Will it change in the UK?
Possibly.
So it's one of those surety things as well, transferring.
I know what exchange rate I'm getting.
I know my tax treatment when it comes in.