Pension scam? transfer from irl to UK & then New Zealand then back to irl

[Complainer]

Compliance programme? IMO, at most a random sample of high balances will be checked. They aren't interested in the average private pension balance.

Just like they weren't interested in the average offshore account in the 80s - right?

 

[kickstart]

As the funds go from one pension company to another (in the UK) and then to NZ (where the NZ scheme is a trust based scheme) where on earth can the "scam" arise?

My apologies, Transferspec. It would seem my scam-radar is tuned a little bit too sensitively and I was wrong to be so certain it was not legitimate.

 

[SPC100]

Hi Rory,

Are you saying a "typical" irish citzen, resident and domiciled in Ireland, can choose to move their pension to the pension regime in a different country?

what are the costs for doing this?

Thanks,

Sean.