UK Pension Transfers

The MAS Retirement Savings Scheme is a Recognised Overseas Pension Scheme (ROPS), which means it can accept money transferred from certain UK pension schemes. 

Why transfer your UK pension to the MAS Retirement Savings Scheme?

• 7 different funds to help you reach your investment goals. 
• Actively managed funds investing with experienced managers focused on sustaining long-term investment performance. 
• Your UK pension is invested responsibly for healthier returns and a healthier planet. 
• Competitive fees. No transfer fees or fees to transact on your account – and it’s free to contribute and withdraw.  
• A personal MAS Adviser to help you with your investment decisions, at no additional cost.  
• Manage your investment online whenever it suits you through the MAS Investor Portal. 
• We’re owned by our Members, so we ensure your savings work hard for you – not overseas shareholders. 

Important things to know about UK pension transfers

• Talk to the current administrator of your UK pension to see if a transfer can take place. 
• Transfers from unfunded public pension schemes such as the National Health Service are not permitted under UK law. 
• Depending on your circumstances, transfers from UK pension schemes may incur additional HMRC tax charges or generate a NZ tax liability. 
• There are restrictions on how and when you can withdraw your investment in the MAS Retirement Savings Scheme if you have transferred your UK pension into it. 
• You should seek UK and NZ tax advice if you are intending on transferring UK pension funds. 
• More information about transferring UK pensions is provided in the MAS Retirement Savings Scheme Product Disclosure Statement and Other Material Information.