For more information or a free assessment, email us at ranfurly@mbfunds.nz or call us on +64 3 928 1440
The Ranfurly Superannuation Scheme offers you control, proximity, tax advantages for your UK Pension with no hidden fees
Why transfer your pension to NZ with Ranfurly?
Here are the advantages:
We offer guidance through the pension transfer process.
Being closer to your money enables you to keep track of your funds, and provides easier access to your savings.
Take control of your investments. Ranfurly offer three different investment options to suit your needs.
Zero scheme entry, performance, or transfer fees.
Investment options in NZD and GBP.
Depending on your residency status, because the Ranfurly Superannuation Scheme is a QROPS, UK pension transfer monies may be able to be received tax-free into New Zealand.
Because the Ranfurly Superannuation Scheme is a New Zealand registered superannuation scheme, benefits paid from the scheme are tax free.
Scheme is registered as a Portfolio Investment Entity (PIE), offering tax efficiencies to investors.
Your savings are invested with a specialist international investment manager.
Our aim is to help you reach your retirement goals.
We understand that everybody has different goals, and offer three specialised strategies to suit your personal investment needs. Each fund has a tailored investment composition depending on your individual risk level, investment timeframe and retirement goals.
Balanced Fund
Offered in NZD & GBP
The objective is to balance capital preservation and capital growth, with a level of volatility that generates a positive return with a moderate level of risk associated with investing in a mix of equity, fixed interest and cash.
Fund Composition:
• International equities 53%
• International fixed interest 41%
• Cash and cash equivalents 4%
• Australian equities 2%
Risk Category 5
Suggested investment timeframe
7+ years
Conservative Fund
Offered in GBP
The objective is to preserve capital, with a reduced level of volatility generating positive returns with typically a lower level of risk by predominantly investing in fixed interest and cash.
Fund Composition:
• International equities 32%
• International fixed interest 64%
• Cash and cash equivalents 3%
• Australian equities 1%
Risk Category 5
Suggested investment timeframe
5+ years
Growth Fund
Offered in NZD & GBP
The objective is to provide capital growth, that generates higher returns with a level of volatility associated with investing predominantly in equity assets.
Fund Composition:
• International equities 73%
• International fixed interest 19%
• Cash and cash equivalents 6%
• Australian equities 2%
Risk Category** 6
Suggested investment timeframe
10+ years
To figure out which fund is best for you contact our specialist for a free no obligations assessment.
The fees and charges for investing the scheme are simple and transparent and fully disclosed in the Product Disclosure Statement – please take the time to read this.
** This fund came into existence on 28 November 2018. To calculate the risk indicator, actual return data and market index return data has been used. Using market index return data may make the risk indicator a less reliable indicator of how much fund values are likely to go up and down in future. See the latest fund update for more information of the Risk Indicators.
Vertical axis is percentage (%) returns.
Performance is calculated after fees and before tax.
Past performance is no guarantee of future returns.
*The Ranfurly New Zealand Dollar Growth Fund has not yet been in existence for a full 3-month period
What happens Next?
Transferring of a pension can be a complex process. Our process is clear and transparent and we are available to help you at every step. Depending on your specific needs the process might change slightly.
If you are seeking to transfer a defined benefit UK pension greater than GBP 30,000, you are required to receive advice from a qualified UK registered adviser. We can assist with an introduction if you wish.
A copy of the current PDS dated 19 January 2024 can be downloaded below, obtained (at no charge) by contacting MB Funds Limited on +64 3 928 1440 or email us at ranfurly@mbfunds.nz. Alternatively, the PDS may be viewed online on the Disclose Register on the offer register for the Scheme at https://disclose-register.companiesoffice.govt.nz
Ranfurly - Product Disclosure Statement
A copy of the SIPO can be downloaded below, obtained (at no charge) by contacting MB Funds Limited on +64 3 928 1440 or email us at ranfurly@mbfunds.nz. Alternatively, the SIPO may be viewed online on the Disclose Register on the offer register for the Scheme at https://disclose-register.companiesoffice.govt.nz
Ranfurly - Statement of Investment Policy and Objective (SIPO)
A copy of the OMI can be downloaded below, obtained (at no charge) by contacting MB Funds Limited on +64 3 928 1440 or email us at ranfurly@mbfunds.nz. Alternatively, the OMI may be viewed online on the Disclose Register on the offer register for the Scheme at https://disclose-register.companiesoffice.govt.nz
Ranfurly - Other Material Information
A copy of the OMI – Funds in the Scheme can be downloaded below, obtained (at no charge) by contacting MB Funds Limited on +64 3 928 1440 or email us at ranfurly@mbfunds.nz. Alternatively, the OMI – Funds in the Scheme may be viewed online on the Disclose Register on the offer register for the Scheme at https://disclose-register.companiesoffice.govt.nz
The Ranfurly Superannuation Scheme is a New Zealand superannuation scheme regulated by the Financial Markets Authority (FMA). The scheme is a QROPS and is a mutually recognised offer in Australia.
Ranfurly Superannuation Scheme offers a well-regulated and tax efficient pension solution. Open to New Zealand and international investors, the scheme is regulated in NZ, a QROPS and taps into Baillie Gifford managed funds in NZD and GBP. Members can transfer their pension or start a pension and stay invested with a top performing manager or if over 55 years of age take flexible access and get the opportunity of a tax free withdrawal.
A QROPS is a Qualifying Recognised Overseas Pension Scheme. For an overseas scheme to be deemed as such, it must satisfy criteria stipulated by HM Revenue & Customs (HMRC). The scheme ‘qualifies’ in that; HMRC agrees that it is similar enough to UK pension schemes that UK pension holders can transfer their pension pot to the off shore scheme. This is in order that members can live abroad as an expat without their pension being subject to UK rules.
For a scheme that ‘qualifies’ as a QROPS, HMRC agrees that it is similar enough to UK pension schemes that UK pension holders can transfer their pension pot to the off shore scheme. This is in order that members can live abroad as an expat without their pension being subject to UK rules.
Yes MB Funds Limited, the scheme manager, is the manager of both the Ranfurly Superannuation Scheme and the IVCM (NZ) PIE Superannuation Fund.
The scheme Product Disclosure Statement and other scheme document providing information on the scheme and investments can be found below.
Ranfurly - Product Disclosure Statement
The Ranfurly Superannuation Scheme is open to anybody who wants to save for retirement. You do not need to be a New Zealand resident to become a member of the scheme.
The Ranfurly Superannuation Scheme is open to anybody who wants to save for retirement. You do not need to be a New Zealand resident to become a member of the scheme.
The Ranfurly Superannuation Scheme has no minimum amount required to invest into the scheme.
You can start your pension savings at any time. You don’t need to have a pension with another provider or to transfer a pension from another pension provider.
To become a member of the Ranfurly Superannuation Scheme you need to complete and sign an Application Form. A financial adviser or our transfer agent can help you with this process.
Yes, pension savings and pension transfers are complex and have long term implications so it is important to understand the requirements and to get it right. We require all members to have a financial advisor that have been approved by the scheme.
You should contact us on ranfurly@mbfunds.nz or +64 3 928 1440 and we will put you in touch with an approved financial adviser.
Yes, we need to register your financial advisor to distribute the scheme but as long as they are suitably licensed to give advice in the jurisdiction you are resident in there should be no problems.
You can contribute as much or a little as you like. The scheme has no minimums or maximums.
New Zealand Tax Residents - UK pension transfer to the scheme under the QROPS rules are tax relieved if you are a New Zealand resident. (Lifetime allowance charges may apply). New Zealand tax may apply to the transferred amount. You should consult your tax advisor.
Non-New Zealand Tax Residents - UK pension transfer to the scheme under the QROPS rules may be subject to a 25% Overseas Transfer Charge if you are not a New Zealand resident. (Lifetime allowance charges may apply). No New Zealand tax will apply to the transferred amount. Non-New Zealand Tax Residents – transfer from another QROPS to the scheme are not subject to 25% Overseas Transfer Charge if the original UK pension transfer was before the 9 March 2017 or you have already paid an Overseas Transfer Charge on you UK pension transfer.
If you are a New Zealand resident and you have previously paid an Overseas Transfer Charge on you UK pension transfer you may be able to recover the charge if you transfer from your current QROPS to the Ranfurly Superannuation Scheme.
We recommend that you seek independent tax advice
Yes the scheme is a Qualifying Recognised Overseas Pension Scheme so it can accept tax relieved UK pension transfers.
Yes the Ranfurly Superannuation Scheme accepts transfers from other QROPS schemes
Yes the Ranfurly Superannuation Scheme can accept transfer of UK pension and pension from other countries as long as there are no restrictions in that country. Please contact us if you want to find out if a transfer is possible.
To transfer a pension to the scheme or from another QROPS to the scheme you need to complete an application form for the Ranfurly Superannuation Scheme and a transfer/withdrawal form for your existing scheme.UK pension transfer are complex, and we recommend you use a transfer agent to assist with the process. QROPS NZ provides a transfer service to the scheme.You do not need to be New Zealand resident to be a member of the Ranfurly Superannuation Scheme. If you are New Zealand resident and move to another country within 5 years of your UK pension transfer you will be charged the 25% Overseas Transfer Charge on your transfer.
Your QROPS pension transfer can remain in the scheme or you can elect to transfer you member account to a UK pension scheme.
Members can transfer their investment in the scheme to another provider at any time as long as UK pension transfers amounts are transferred to another QROPS scheme.
There is no charge or penalty for transferring to another pension provider.
The Overseas Transfer Charge is a 25% UK tax charged on a UK pension transfer amount when you transfer your UK pension to a pension scheme that is not resident in your country of tax residency. This charge may also apply if, in the five clear and complete UK tax years after your transfer, your tax residency changes or you on-transfer your UK Pension Transfer Accumulation to another scheme that is not New Zealand resident.
The Ranfurly Superannuation Scheme currently has 5 investment options depending on your preferred currency and attitude to investment risk.
For more information on these funds, follow the link below to read the Statement of Investment Policy and Objectives (SIPO).
Ranfurly - Statement of Investment Policy and Objective (SIPO)
Your investment election depends on your attitude to investment risk and which currency you want to hold your investment in. You can invest in more than one fund and more than one currency at the same time. You should discuss your investment election with your financial adviser.
You can decide where to invest your money when the pension funds are received by the scheme. You do not need to decide when you first apply to become a member of the scheme.
No the scheme manager, MB Funds Limited, is a licensed Managed Investment Scheme Manager it is not licensed to give advice. You should get your investment advice from your financial advisor.
You can switch your investment between the funds in the scheme at any dealing date.
The scheme invests members money in the Baillie Gifford funds. The scheme does not offer a cash investment option.
The scheme manager will add new investment options to the scheme where there is demand for a new currency or risk option.
The scheme provides members with an on line portal to view their investment balances at any time.
The Ranfurly Superannuation Scheme is a regulated pension scheme that must meet the requirements of a New Zealand regulated superannuation scheme and a QROPS. This means there are restrictions on withdrawing your pension funds before the early retirement age of 55.
The current normal minimum pension age for a UK pension transferred pension is 55. The Normal Minimum Pension Age is set by the HMRC. The HMRC have confirmed an increase to the Normal Minimum Pension Age from 55 years to 57 years from 5 April 2028. This change will affect you if you joined the scheme after February 2021 and you are younger than 57 years of age on the 5 April 2028.
For any other pension the normal retirement age is 65, however, early retirement and transitional options exist.
There is no maximum age for retirement.
You can take a lump sum of up to 100% of your investment in the scheme at your normal retirement age or you can make income for life withdrawals or any combination of the two.
You complete a withdrawal form detailing your income withdrawal requirements and we will make regular payment in the currency of your choice from you member account.
Payment from the scheme are considered capital withdrawals and you do not pay tax on the amount withdrawn. Members of the scheme are taxed on their investment income under the Portfolio Investment Entity (PIE) tax rules.
You can take as much or a little as you want once you reach your normal retirement age or you can transfer out of the scheme at the next available dealing date.
No you can take as much or a little as you want once you reach your normal retirement age.
Yes your member account can be used to purchase an annuity with an annuity provider.
Your member account balance will be paid to your estate on your death
If you withdraw more than 25% of your UK Pension Transfer Accumulation or Other Contribution you will pay an early withdrawal fee of 3% of the amount withdrawn over 25% of your UK Pension Transfer Accumulation or Other Contribution less 1% for every complete 12 months you have been a Member of the Scheme. We may waive the early withdrawal fee in certain circumstances.
“The secret to getting ahead is getting started”
We’d love to hear from you. Let’s get in touch.
Transferring of a UK pension is a complex issue and it is important to seek professional financial advice. Our process is clear and transparent and we are available to help you at every step. Depending on your specific needs the process might change slightly.
Customer Service
+64 3 928 1440
ranfurly@mbfunds.nz
MB Funds (formerly Ranfurly Strategic)
Level 1, North Lobby
Awly Building
293 Durham Street
Christchurch 8013
New Zealand
