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UK Pensions - Reduce Future Exchange Rate Risks

exchnage rate risks

If you still have money in a UK pension scheme, one very compelling reason to consider transferring your funds to New Zealand is reducing future exchange rate risks.

When we consider the value of our own currency on a day to day basis it appears fairly stable. Our expenses seem to remain largely the same from month to month and our salary paychecks are identical. However, the value of currency is constantly fluctuating in relation to other currencies. Generally, these currency fluctuations only become apparent to us when we are planning a trip overseas or making a purchase online from another country.

However, exchange rates have a great impact on the economy and our financial security as individuals both now and in the future. In fact, the effects of the fluctuation of exchange rates can determine where we can afford to live and when we will be able to retire.

The risk of keeping your funds in the UK is that these exchange rate fluctuations may work against your favour in the future when you intend to transfer your pension to New Zealand.

The risk of keeping your funds in the UK is that these exchange rate fluctuations may work against your favour in the future when you intend to transfer your pension to New Zealand.

By speaking to an advisor, you can mitigate this risk and ensure you transfer your funds at the best possible time.
Having your funds invested in the New Zealand dollar also means you are better able to understand the value of your pension in relation to the projected living costs of your retirement. You won’t need to worry about the exchange rate risk and the fees that may be involved in bringing your pension over to New Zealand once you retire and it comes into payment. Speak to one of our advisors today to ensure you are making the best decision when it comes to your UK pension funds.

Mark Jones

Want to find out more? Simply give Mark Jones a call on 0800 404 202 or send him a message