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Top 3 Money Transfer Providers for UK to New Zealand

Provider Amount Received Fee Exchange Rate Speed
Moneycorp Moneycorp NZD $18,783.47 No Fee 1.8783 1-3 days more...
TorFX TorFX NZD $19,008.90 No Fee 1.9009 1-3 days more...
Currencies Direct Currencies Direct NZD $19,008.90 No Fee 1.9009 1-3 days more...
FXcompared Country Guides
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UK
There are no exchange controls in the UK for the pound sterling (GBP), and transferring money to the UK and sending money from the UK is very easy Read More
NEW ZEALAND
New Zealandis very open to overseas money transfers and investment Read More
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How to Transfer Money from UK to New Zealand

UK to New Zealand Summary

The UK is a popular destination for New Zealanders to come to work - there were an estimated 54,000 living in the UK in 2012 - usually for a short period of time. Numbers of migrants from New Zealand to the UK have fallen in recent years, from 18,000 in 2000 to 8,000 in 2011, but this is still one of the main sources of international money transfer from the UK to New Zealand.
 
Sending money from the UK to New Zealand does not have any restrictions. For those moving to New Zealand, there are only a small number of restrictions on what UK citizens can own in New Zealand, and these generally relate to sensitive land or business assets valued over NZ$100m. Residency rules for New Zealand are complex and should be carefully reviewed. New Zealand is only a minor source of imports into the UK, with values ranging between around £670m (NZ$1.4bn) and £820m in 2004-13.

Send money from UK to New Zealand

Top 11 Money Transfer Providers

Latest prices for transferring money from UK to New Zealand
Exchange Rates as of 18 September 2020, 20:59

Moneycorp

Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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Amount Received
NZD $18,783.47
GBP £107.69
saved vs. banks

TorFX

Est. 2004

Excellent exchange rates | No transfer fees | Thousands of 5 star reviews 

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FXcompared Rating
Amount Received
NZD $19,008.90
GBP £225.69
saved vs. banks

Currencies Direct

Est. 1996

Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure

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Amount Received
NZD $19,008.90
GBP £225.69
saved vs. banks

OFX (UK)

Est. 1998

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

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Amount Received
NZD $18,764.00
GBP £97.50
saved vs. banks

Global Reach (formerly FC Exchange)

Est. 2005

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

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Amount Received
NZD $18,932.48
GBP £185.69
saved vs. banks

New Zealand Visas and work permits

The current mayor of London, Boris Johnson, has proposed the idea that Australians and New Zealanders should be granted special status to live and work in the UK without restriction (and vice versa), modeled on the Trans-Tasman Travel Arrangement (TTTA) between Australia and New Zealand. Until this happens, visa restrictions still apply, although obtaining a UK work visa from New Zealand is easier than in most other place. For New Zealand citizens aged 18-30, a Youth Mobility Scheme visa allows them to pursue a working holiday in the UK for 2 years.
For a UK citizen moving to New Zealand, a valid paperwork needs to be obtained in advance of arrival. Work visas are not generally needed if you are taking up permanent residence but otherwise, each work permit is assessed on a case by case basis. Under the Immigration Act 1987, a UK citizen who wants to move to New Zealand needed to apply for residence, which will allow you to live, work, study as well as vote indefinitely in New Zealand.There are various additional requirements if you are considering apply for New Zealand residence. These include a health check to ensure additional pressure is not put on New Zealand’s health services if you enter the country, character references and English language skills. Immigration New Zealand has further details on the requirements.

UK and New Zealand Taxation

The double taxation agreement between the UK and New Zealand ensures that you pay tax on your income and gains once only, in whichever country you are based and earning that income. Money earned by New Zealand residents in the UK is subject to standard New Zealand tax rates independent of whether the money is transferred back home or not. New Zealand tax residents are generally taxed on their worldwide income.
UK citizens who move to New Zealand are subject to tax only to their income of their local New Zealand activities and will not be taxed if investment or interest income is sent from the the UK to New Zealand. Conversely, UK residents who earn passive income should check whether there are any withholding taxes if the money is sent back to the UK. UK individuals who are present in a 12 month period in New Zealand for over 183 days will become tax resident of New Zealand from the first day they were in New Zealand through that relevant 12 month period. There are some expatriate concessions on income earned in NnNew Zealand for UK residents and we advise specialist advice is taken regarding this. The tax year for New Zealand runs from 1 April to 31 March, virtually identical to the UK tax year of April 6 to April 5.
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Top 11 Money Transfer Providers continued...

WorldFirst

Est. 2004

Transparency and security | Great customer feedback rating from Feefo

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Amount Received
NZD $19,060.21
GBP £252.55
saved vs. banks

RationalFX

Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
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Amount Received
NZD $18,942.03
GBP £190.69
saved vs. banks

Western Union Business Solutions

Est. 2009

The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.

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Amount Received
NZD $18,817.86
GBP £125.69
saved vs. banks

Currency Solutions

Est. 2003

Currency exchange specialists ranking No.1 on Trustpilot for the past two years

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Amount Received
NZD $18,949.68
GBP £194.69
saved vs. banks

Smart Currency Exchange

Est. 2004
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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Amount Received
NZD $18,942.03
GBP £190.69
saved vs. banks

Rates From The Average UK High Street Bank

Est. 1934

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

More InfoLess Info
Amount Received
NZD $18,475.51
No saving vs. banks

Buying property in New Zealand

New Zealand is a far less speculative property market than many other major countries as culturally, people in New Zealand typically own property to be their home as opposed to seeing it as a major investment opportunity.
There are no restrictions on permanent residents of New Zealand owning property. A UK citizen who is not a permanent New Zealand resident may face some restrictions though which are governed by the Overseas Investment Act 1973 (OIC Act). The OIC limits you to purchasing a property on less than 12.5 acres of land. Additionally, if the land happens to be in a sensitive area such as wildlife reserve, overseas purchasers can only buy a much smaller piece of land.
Purchases or flat, homes or land in mainstream urban locations by and large is not affected by the OIC restrictions. We advise you to consult with your property lawyer to check whether what you are considering buying falls under the OIC.

Healthcare in New Zealand

New Zealand has a Reciprocal Health Agreement with the UK. New Zealand health care is most similar to those of European countries such as France and Germany. In these countries, the state covers most of the cost of healthcare but the individual is expected to make some contribution towards the cost. Healthcare in New Zealand is not as comprehensive as the NHS.N
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Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from UK to New Zealand. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.
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What is in this guide

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We welcome all suggestions for improvements. Send us an email at feedback@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.