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Top 3 Money Transfer Providers for UK to New Zealand

Provider Amount Received Fee Exchange Rate Speed
OFX (UK) OFX (UK) NZD $20,785.91 No Fee 2.0786 1-3 days more...
TorFX TorFX NZD $20,869.81 No Fee 2.087 1-3 days more...
Currencies Direct Currencies Direct NZD $20,869.81 No Fee 2.087 1-3 days more...
Daniel Webber

FX Expertise and Experience

Daniel Webber

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.

Send money from UK to New Zealand

How to Transfer Money from UK to New Zealand

UK to New Zealand Guide

UK to New Zealand Summary

With deep historic and cultural links between the two countries, the UK has been a popular destination for expatriates from New Zealand to work in. Due to this relationship, there is a significant volume of international money transfers made between the two countries. Thankfully, the process of transferring money from UK to NZ is not complicated and there are currently no significant restrictions in place.

Top 8 Money Transfer Providers

Latest prices for transferring money from UK to New Zealand
Exchange Rates as of 19 March 2024, 04:57

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 $20,785.91
No saving 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 $20,869.81
No saving 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 $20,869.81
No saving vs. banks

Corpay^

Est. 2005

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

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FXcompared Rating
Amount Received
NZD $20,785.91
No saving 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 $20,764.94
No saving vs. banks

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Top 8 Money Transfer Providers continued...

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 $20,764.94
No saving vs. banks

Moneycorp

Est. 1979

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

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Amount Received
NZD $20,513.24
No saving 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.
 

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Amount Received
NZD $20,284.21
No saving vs. banks

New Zealand Visas and work permits

Most New Zealand citizens wishing to move to the UK for work will need a Skilled Worker visa, unless they are remaining with the same employer, in which case they will need to apply for an Intra-company visa. Entrepreneurs may be able to apply for a Start-up visa or Innovator visa, while investors who are looking to invest £2,000,000 or more can apply for an Investor visa. 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 New 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.

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

Did you know?

The NZD is also used as the official currency in the Cook Islands, Niue, Tokelau and the Pitcairn Islands.

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Frequently Asked Questions

Are the money transfer companies shown above safe to use?

All of the companies listed above are completely safe to use. They are all licensed to provide money transfer services and regulated by relevant authorities in their respective jurisdictions, such as the FCA, FinCEN and ASIC.

How long does an international money transfer take?

The length of time it takes for a money transfer to complete will depend on the method you have chosen, where it is being sent to, and the value of the transfer itself. Most often, bank to bank transfers take between 1–2 days. Debit and credit card payments may sometimes allow for slightly faster transfer times.

How do I use FXcompared?

Before initiating a transfer, make sure to read the comparison results above to choose the best provider for you. You should consider price, speed and the overall rating when selecting a transfer provider to use. Once you have selected a provider, simply follow the link to its homepage where you will be able to register for an account. When your account is properly verified, you will be able to begin the transfer process.

What payments methods can I use to send money overseas?

The results shown above are for bank to bank transfers, which are the most popular way to send money abroad. Certain providers will also allow individuals to make the transfer using cash or debit/credit cards. Digital wallets are also an increasingly popular option.

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

Quite often, the price displayed above will not reflect the final price you get offered when you initiate the money transfer. This is because the prices quoted above reflect live currency rates on the foreign exchange markets, which change over the course of the day. These might also change depending on the provider. As such, it is important to always check the final price you get offered before initiating and completing a currency transfer.

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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.