I am sure retiring to New Zealand had crossed your mind before, I am going to explain all the information you need to know to help you make that decision.
Retirement in New Zealand has many attractions and requirements, such as New Zealand retirement visas, not to mention where you are going to live and the restrictions your New Zealand retirement visa may impose.
You must have the correct paperwork to ensure you make the most of retiring to New Zealand.
Continue reading to find out more and what you need to think about for your retirement in New Zealand.
New Zealand is a very warm and welcoming country, they welcome people from all over the world including retirees from the UK. One key thing you must do before going ahead with retirement in New Zealand is to find out if you are able to get a visa as this is a particularly important part of moving over to New Zealand. You are not permitted to work with this visa.
When looking at visas there are two types which are: Parent Retirement Resident Visas and Temporary Retirement Visas.
Temporary Retirement Visas are only for people over 66 and can keep a minimum of 750,000NZD invested over in New Zealand for 2 years. After the two years you can re-apply for this visa, your partner can be part of your application however children that depend on you cannot.
If you have an adult child that is a permanent resident of New Zealand, then you can apply for a Parent Retirement Resident Visa. You will need an investment of a minimum of 1 million NZD over the course of 4 years. After 4 years you are then allowed to apply for permanent residency. You can study or work or a mix of the two with this visa.
In some ways New Zealand and the UK are remarkably similar however, in some other ways they are completely different.
One of the major and obvious benefit from retiring in New Zealand is the weather and the views! New Zealand is known for the amazing scenery It has as well as the unbeatable climate. It is a known fact that New Zealand is much less busy as the UK and there is more room for space around you!
Another pro of retiring in New Zealand is their healthcare system; New Zealand’s healthcare system is in the top 20 worldwide! Their healthcare system is a little bit like the UK’s healthcare system so it should not be too hard to get to grips of!
Additionally, the quality of life over in New Zealand is amazing. Everyone is so kind and friendly and the country is known to have a relaxed attitude about it, not to mention the wide variety of food and drink! There are so many different options when it comes to activities you will be spoilt for choice!
I will briefly talk you through a few popular places within New Zealand!
Hawkes Bay is one of the more chilled out area in New Zealand. You will not be disappointed with the climate over there along with the amazing wine, and seasonal events. Within Hawkes Bay there are plenty of different villages and towns to settle down in!
If you are looking for a bit more of a city vibe then Wellington might be the place for you. The only city better for the quality of life than Wellington is Zurich as Wellington ranks 2nd best in the world! Property costs are reasonable, and the general cost of living is affordable. Wellington is full of fun with gardens, parks, bars, and restaurants as well as the warm, friendly people.
For the adventurers I would suggest Queenstown on South Island. It is known for the outdoor lifestyle as well as the beauty that comes hand in hand with that. You can go from water activities to snow activities! This is very much the right destination for those that just love the outdoors!
If you really enjoy big cities, then Auckland is the place for you! It is New Zealand’s largest city. It is also very convenient as it is one of the best located areas in terms of flights to and from the UK. Auckland is great for shopping, walking along the harbours or spending the day on the beach!
Finally, if the scorching hot weather does not appeal that much to you then Christchurch is where you want to be with its partially cooler climate. It is very assessable to get around here as it has a compact city centre with fantastic public transport. There are great parks, beaches, and fabulous places to eat around here.
Important information about retiring in New Zealand.
Regarding property, if you have a temporary visa then you can only rent a property however, if you have residence visa then you can purchase a property!
You might not need to pay tax on your UK income within the first 4 years!
UK citizens can get free or cheap state healthcare services if you are only staying for a short stay or if you have a residence visa or if you become a permanent resident!
Finally, you can get your UK state pension in New Zealand; all you need to do is apply with the International Pension Centre!
The 6 main steps to retiring in New Zealand.
There are 6 main steps when it comes to retiring to New Zealand these are: apply for a visa, find a specific place within New Zealand that you wish to retire to, check out if you are able to get free or cheap healthcare, tell HMRC that you are leaving the UK, get a removal company to help you move your belongings over to New Zealand and last but not least think about opening a New Zealand bank account.
Regency FX are a UK based independent currency broker, specialising in high volume transfers.
We pride ourselves on our premium level of customer service, you will be allocated your own personal account manager whom you will have direct access to.
All funds transferred through Regency FX are made using client segregated accounts in accordance with the FCA (Financial Conduct Authority) guidelines.
The important thing is the comparison, online rates shown on Google and other search engines are not always accurate for the consumer.
They can often refer to the rates that banks exchange at rather than what is available to you, the customer.
Even if you are just looking for property at this stage it is worth getting in touch to discuss your options.
We can monitor the market on your behalf enabling you to budget more effectively.
As a first-class currency transfer service, here at Regency FX we endeavour to get the best available rate regardless of how much you are transacting.
Get a quote and see how we stack up.
You May Also Enjoy Reading...
Transfer money from UK to New Zealand
© 2021. Regency FX Ltd. All rights reserved. *Third party fees may apply.
Payment services for Regency FX Ltd are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ.
The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.