GBPensions is a brand that specializes in helping individuals transfer their UK pensions to New Zealand. If you have worked in the UK and have accumulated a private or company pension, whether it's a defined benefit (DB) or defined contribution (DC) scheme, GBPensions can assist you. DB pensions are known as "gold-plated" pensions, where your retirement income is based on your earnings and length of membership in the scheme. On the other hand, DC pensions, also called money purchase schemes, are based on the amount of money accumulated in your pension pot through contributions, investment returns, and tax relief. Most work pensions nowadays fall under DC schemes without any guarantees.

If you're unsure about which pension schemes you have, GBPensions can help you track down the necessary information. It's also important to note that investigating your transfer options during the first four years of being a New Zealand tax resident can have potential tax benefits. Whether you've been in New Zealand for a shorter or longer time, seeking personalized tax advice is recommended. GBPensions aims to simplify the transfer process and provides qualified, specialist advice to ensure your UK pension transfer is suitable for your individual circumstances.