Moving to a new country is a significant life change that requires careful planning, particularly regarding your finances. At Cambridge Partners, we’ve helped numerous clients successfully navigate the financial aspects of immigrating to New Zealand, especially those applying for parent retirement visas and temporary retirement visas. Our comprehensive approach ensures that your transition to New Zealand isn’t just successful from an immigration perspective but also provides you with financial peace of mind.
Understanding Visa Financial Requirements
The parent retirement visa and the temporary retirement visa both have specific financial requirements that must be met. These requirements go beyond simply having sufficient funds – they involve structured investments that satisfy Immigration New Zealand’s criteria.
For the parent retirement visa, applicants must demonstrate they have:
- Sufficient funds to invest in New Zealand
- A guaranteed minimum annual income
- Additional funds for settlement expenses
The temporary retirement visa similarly requires proof of substantial investment capacity and evidence of regular income and comprehensive health insurance.
Our role extends beyond simply helping you meet these requirements. We provide ongoing investment management to ensure your visa-related investments continue to satisfy Immigration New Zealand’s criteria while working within your broader financial goals.
Financial Planning for Your Journey
Our planning process includes:
- Evaluating your existing assets and determining how they should be restructured
- Providing clarity on New Zealand’s superannuation system and how it might interact with any overseas pension entitlements
- Developing realistic budgets based on New Zealand’s cost of living
- Creating investment strategies that balance visa requirements with your personal financial goals
- Tax planning to optimise your financial position across multiple jurisdictions
Our goal is to ensure that you can move to New Zealand with confidence. As one client recently shared, “I’m going to move to New Zealand, and I know that I’m going to be okay. I’m going to be able to do the things that are important to me, like spending time with my children, which is one of the reasons I’m moving here.”
This peace of mind comes from knowing that all financial aspects have been considered and planned for, allowing you to focus on the exciting aspects of your new life in New Zealand.
Planning for Future Possibilities
We’ve also noticed that many temporary retirement visa holders are considering the possibility of permanent relocation to New Zealand. This requires additional forward planning to ensure a smooth transition if and when that decision is made.
For these clients, we develop flexible strategies that work for their current situation while laying the groundwork for potential permanent immigration. This might include:
- Structuring investments to satisfy current visa requirements while positioning for possible parent retirement visa applications
- Developing relationships with specialised accountants
- Creating long-term plans that account for different immigration scenarios
Taking the Next Step
If you’re considering moving to New Zealand under a retirement visa programme or are already here, proper financial planning is essential for visa success and personal peace of mind. At Cambridge Partners, we specialise in helping immigrants navigate these complex waters.
Would you like to learn more about how we can help make your transition to New Zealand financially successful? I’d be happy to discuss your specific situation and how our planning approach might benefit you and your family.