Q. In what circumstances can funds be released to members of New Zealand pension schemes?

A. Most New Zealand QROPS schemes allow the tax-free release of at least some of your savings under the following circumstances:

  • Attaining normal minimum retirement age (currently 55 years of age).
  • Serious illness or injury (medical evidence must be provided).
  • Death before retirement.
  • Transfer to another QROPS. 

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