| Provider | Amount Received | Fee | Exchange Rate | Speed | ||
|---|---|---|---|---|---|---|
 |
OFX (prev. NZForex) | GBP £4,714.36 | No Fee | 0.4714 | 1-3 days | more... |
 |
Currency Solutions | GBP £4,714.36 | No Fee | 0.4714 | 1-3 days | more... |
 |
TorFX | GBP £4,723.89 | No Fee | 0.4724 | 1-3 days | more... |
Founder & CEO, FXCompared
Daniel is one of the world experts on the money transfer sector. He is widely quoted across the industry with over 20 years of experience in the international finance world focused on international payments, technology, and the property sectors. More about Daniel.
New Zealand maintains close bilateral ties with the UK, which are fortified through close ties in trade, peacekeeping and culture. The UK continues to be a popular destination for young New Zealand nationals in search of a traditional cultural experience overseas, while New Zealand remains popular with migrants and tourists from the UK who want to experience its unique culture and landscape. There are no restrictions to transfer money from New Zealand to the UK and converting NZD to GBP for personal or business needs.
Whether or not a New Zealand national can be allowed entry into the UK is determined by border authorities in the UK. Holders of a New Zealand passport that is valid for at least six months can visit the UK for the purposes of tourism without the need for a visa. In some special cases, New Zealanders are required to obtain a visa – for example, if they have a criminal record or if they are visiting the UK to get married.
New Zealand nationals who want to work, live or study in the UK must obtain the necessary visa before arriving in the country. The UK processes visas for New Zealand on a five-level points system.
New Zealanders interested in immigrating to the UK will need a Certificate of Sponsorship, unless they are moving to invest or to start a business. In this case, a New Zealander will require a Tier 1 visa to come to the UK. A Tier 2 visa applies to highly skilled workers who are being transferred from one branch of a company to another. New Zealand nationals who have confirmed acceptance from a UK college or university must get a Tier 4 visa. Tier 5 visas cover temporary categories of workers, which include members of the clergy and individuals in sports or the creative arts.
Spouses and dependents are able to travel with the principal applicant in many of these tiers. Spouses are usually able to work in the UK, with the exception of some categories of Tier 4 and Tier 5 visas. Beginning in 2016, only individuals earning over £35,000 will be allowed to apply for permanent residency in the UK.
OFX in New Zealand provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates.
Currency exchange specialists ranking No.1 on Trustpilot for the past two years
Excellent exchange rates | No transfer fees | Thousands of 5 star reviews
Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure
One-off payments | Regular payments | Great rates | Safeguarded customer funds
Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers
New Zealand nationals who want to study at a tertiary institution in the UK will be charged international fees. There are no publicly funded scholarship programmes available for these individuals. International student fees approximate to £18,759 for undergraduate studies and as much as £38,532 per year for the most high-end post-graduate studies. The cost of living in the UK is relatively high, which is an important factor to consider when planning a move and money transfers. These factors all work together to make the number of international students from New Zealand studying in the UK quite low. They are currently outside of the top ten for non-EU countries that send students to the UK.
New Zealand nationals between the ages of 17 and 30 are eligible to participate in the UK’s Youth Mobility Scheme, which is a type of working holiday. Individuals in this programme are legally allowed to stay and work in the UK for a period of two years. Participants do not need a sponsor to come to the UK, but will have to show that they have sufficient funds to survive for the duration of their stay.
The UK and New Zealand have a bilateral social security agreement, which allows citizens of both countries to get access to benefits and pensions when they are in either country. New Zealand citizens must meet particular criteria to determine if they qualify and how much they will receive. More information on this scheme can be obtained from the Work and Income New Zealand website. New Zealand nationals in the UK will receive any benefits and pensions that they qualify for from the International Pension Centre in the UK.
New Zealanders in the UK are able to receive medical care for emergency conditions through the reciprocal healthcare agreement between the countries. New Zealand nationals who are living, working or studying in the UK for more than six months are eligible to receive the same range of medical care that is available to citizens of the UK from the National Health Service. However, visitors for periods of less than six months will not be covered for non-urgent medical treatment. It is recommended that travellers obtain comprehensive travel insurance that includes health insurance.
If travelling to the UK to work, New Zealanders should apply for a National Insurance Number as early as possible. This ensures that business travellers are taxed in the correct category and that they receive the appropriate benefits.
Unlike in New Zealand, the system of taxation in the UK can be fairly complex, and it is recommended that expats retain expert help to navigate their particular tax situation. The UK tax year spans from 6 April to 5 April of the following year, which is very similar to the tax period in New Zealand.
Trade between New Zealand and the UK is substantial and diverse with substantial money transferred from New Zealand to the UK. The UK remains a leading investor in New Zealand and is one of the country’s leading import markets. The majority of exports to the UK consist of agricultural products, including butter, sheep meat, apples and wool. Other leading trade products and industries include wine and information technology.
The trade of goods between New Zealand and the UK during 2017 totalled $2.9bn, with New Zealand exporting $1.6bn and importing $1.3bn.
The UK currently serves as a springboard for New Zealand products and services among other countries in the EU. Other strong links between the countries include sports and family ties, as nearly 80% of New Zealanders have some British ancestry.
We welcome all suggestions for improvements. Send us an email at support@fxcompared.com.
All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.
FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.
