> Make sure you understand the basics of your UK pension Whether your benefit or pension is paid in the UK in New Zealand or the UK. If you did not receive New Zealand superannuation or single parent support for widows before leaving New Zealand, the rate you will receive for UK benefits and pensions depends on the contributions you have made to the National Insurance Scheme and the time you have lived in New Zealand. Contact details for the UK are available on our Overseas Pensions Agency contact page. If you reside in New Zealand or intend to do so, you may be entitled to benefits or pensions from the United Kingdom and New Zealand. If you have lived or worked abroad or have contributed to a foreign social security scheme, you may need to apply for a benefit or pension abroad from that overseas country. Currently, there is a four-year transfer window from the first day you are a tax resident in New Zealand, during this period you can transfer your pension to New Zealand without New Zealand tax obligations. If you transfer after this exemption period, the taxable income from the transfer can be between 4.76% and 100% of your pension value, which can be estimated at your marginal rate. What happens when I am in New Zealand and my benefit or pension in the UK is higher than my New Zealand benefit or pension? You may have to pay tax on any UK benefits or pensions you have received before opting for the Special Banking option. If you are receiving a New Zealand benefit or pension, you must apply for a UK benefit or pension that you may be able to receive. You must also apply for any other benefits or pensions abroad that you may receive. .