If a transfer can be made within the first four full tax years of becoming tax resident in NZ, the member generally will have no NZ tax liability. If a transfer is made after the four year period a NZ tax liability will theoretically start to accumulate on an annual basis and become payable on a later transfer or withdrawal of benefits from age 55. The longer the transfer is delayed, the greater the potential NZ tax liability.
Read what QROPS means.
