Transfer money from New Zealand to UK

$267.58 Avg. Saving vs. Banks ?

Here are the latest prices for transferring money from New Zealand to UK
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Top 9 Money Transfer Providers

Exchange Rates as of 2018-02-23T21:59:58+00:00

World First

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Est. 2004
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Amount Received
£5,182.09
$278.80
saved vs. banks
97% Feefo Rating

Moneycorp

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Est. 1979

There are no fees for FXcompared users

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Amount Received
£5,172.95
$261.30
saved vs. banks

NZForex

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Est. 1998
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Amount Received
£5,172.95
$261.30
saved vs. banks

Currency Solutions

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Amount Received
£5,177.65
$270.30
saved vs. banks
Best Rate Guarantee

TorFX

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Est. 2004
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Amount Received
£5,183.40
$281.30
saved vs. banks

Currencies Direct

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Amount Received
£5,167.72
$251.30
saved vs. banks

Smart Currency Exchange

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Amount Received
£5,172.95
$261.30
saved vs. banks

RationalFX

?
Est. 2005
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Amount Received
£5,178.17
$271.30
saved vs. banks

FC Exchange

?
Est. 2005
More Info Less Info
Amount Received
£5,178.17
$271.30
saved vs. banks

How to Transfer Money from New Zealand to UK

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Each provider goes through a full vetting and is regulated by the relevant authority (FCA in the UK, FinCEN in the USA, ASIC in Australia)

Frequently asked questions

How we calculate the savings

Summary

New Zealand maintains close, bilateral ties with the United Kingdom, 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 UK and converting NZD to GBP for personal or business needs.

Visas and immigration

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 which 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, such as having a criminal record or for those 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 Zealander 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 £35000 will be allowed to apply for permanent residency in the UK.

Study in the UK

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 programs 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.

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.

Social Security agreement between New Zealand and the UK

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.

Healthcare 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 6 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 travelers obtain comprehensive travel insurance that includes health insurance.

Taxation

If travelling to the UK to work, New Zealanders should apply for a National Insurance Number as early as possible. This ensures that business travelers 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 April 6 to April 5 of the following year, which is very similar to the tax period in New Zealand.

Trade with the UK

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 UK is 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.

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