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Latest 10 news items tagged Currency ExchangePension transfers to New Zealand face heavy tax charge22 May at 8 AM 2015
Retirees moving a pension from the UK to New Zealand when they emigrate could face a whopping 55 per cent tax bill because of pension freedoms. Under new rules pension schemes must prevent access to savings before a pension holder is 55 if they want to take the pension pot as cash. However, most schemes in New Zealand do not have such a clause written into the rules. In some cases, such as financial hardship, the schemes will allow the pension holder to access cash early. HM Revenue and Customs is notifying such pension schemes that if...INZ targets visa test imposters23 Apr at 9 AM 2015
Immigration New Zealand is implementing new measures to help identify prospective immigrants who may be cheating in order to get their visa applications approved. According to INZ some applicants have been attempting to cheat the system by getting others to sit English language examinations and medical tests. Michael Carley, operations manager for INZ, said a Chinese man had recently applied for an investor visa but had used another person to take the required English language exam. Immigration staff became suspicious when they...NZ immigration advisor demanded sex from clients8 Apr at 5 AM 2015
A court in New Zealand has heard that a former immigration consultant would attempt lure female clients into providing sexual services in exchange for visas. Hakaoro Hakaoro was sent to prison last year for failing to produce a license to practice. The prison term handed to him was 20 months. However, it has come to light that the 55-year-old is also guilty of a number of new complaints. The Immigration Advisors Disciplinary Tribunal charged Hakaoro Hakaoro with six further complaints including asking women back to his house for sex as...Chilean family face deportation from New Zealand13 Mar at 5 AM 2015
A Chilean family living in New Zealand is likely to be deported if they cannot find the means to leave the country voluntarily by the end of the month. Christchurch resident Mauricio Ravet claims that he, his wife, and their two daughters do not have the money to fly back to Chile. Mr Ravet added that his daughter Kate was born in New Zealand and was therefore a legitimate citizen of the country. He points out that when he first arrived in New Zealand he was working legally, but that a work permit issued in 2011 had since expired and...New Zealand cracks down on fake monks21 Jan at 7 AM 2015
Immigration New Zealand is cooperating with Chinese authorities to prevent fake monk scammers from entering the country. According to reports a fake charity nun and two monks who have been targeting pedestrians for cash donations in return for blessings have fled New Zealand for Australia. According to Michael Carley, INZ area manager, members of a syndicate have been dressing up as nuns and monks and offering blessings in exchange for money or jewellery. In a report, the New Zealand Herald claims members of the syndicate are...Drop in NZ dairy prices good for British pockets25 Nov at 5 AM 2014
A fall in dairy prices in New Zealand could be beneficial for any Brits considering starting a new life down under. The subsequent fall in the exchange rate between the New Zealand Dollar and the Pound means more money in the pockets of UK citizens who choose to emigrate to New Zealand, something that could make a big difference to their moving plans. New Zealand was recently voted one of the most popular countries in the world to emigrate to. It is popular with those seeking a higher quality of life, spectacular landscape and a...Couple guilty of immigration fraud16 Oct at 5 AM 2014
A couple in New Zealand have been found guilty of misleading the immigration authorities and providing false information in an effort to gain residency in the country. The Fijian nationals claimed to be married to Kiwi spouses while continuing a relationship with each other. The court found that the pair had never lived with their New Zealand partners. Imraan Khan has been sentenced to spend 20 months behind bars for the crime and his partner, Berlinda Williams, has been handed 12 months of home detention. Williams was granted...Kiwi immigration advisor guide introduced5 Sep at 7 AM 2014
New Zealand is producing a guide for those looking to make a new home in the country. The booklet focuses on the importance of would-be immigrants contacting a licensed immigration advisor following reports of fraud by companies that do not have official approval. The Guide to Licensed Immigration Advisors will be printed in a number of languages, according to the New Zealand immigration authorities. It is hoped that by doing this migrants will be better protected against the pitfalls of using an unlicensed service. The media has...New rules to hit UK pension transfers to New Zealand28 Aug at 5 AM 2014
UK pension holders living in New Zealand are being advised to act quickly to avoid their money being stranded at home. New government legislation is due to be introduced next April that could prevent pensions being transferred to New Zealand. According to Bridget Matheson, financial advisor for Stewart Group, Brits are currently permitted to transfer cash into a recognised scheme. However, UK workers who have put money into government private pension schemes should consider making a transfer as soon as possible. Groups that will be...UK doctors flee UK for New Zealand and Australia20 Aug at 5 AM 2014
New Zealand is growing in popularity with UK doctors looking to move abroad to escape the confines of the NHS, official figures have revealed. The number of medics applying for work overseas has increased by 20 per cent over the last half-decade. The General Medical Council said the exodus was due to factors including health care rationing, long hours and bureaucracy. Other countries popular with doctors looking to relocate are Canada and Australia. According to recruitment specialists British doctors working in New Zealand can...