Kiwis are a mobile breed – we love to take flight and nest down in locations all over the world. Sometimes this is on a permanent basis, other times just for a year or two. If you or someone you know is planning to head overseas, there are some financial matters that will need some attention.
KiwiSaver – in some instances you can take it with you, but keep in mind, there is some fine print you’ll want to know about, BEFORE you leave.
House insurance – will you rent it out or keep it unoccupied for a while? Check out the insurance implications.
Travel insurance – definitely not just for tourists. In fact, you won’t want to get caught in a predicament overseas without it.
Life insurance – your existing life policy probably works wherever you live, or some policies can be ‘suspended’ while you are away.
New Zealand life insurance companies always ask questions about residency, but few people have an idea what the implications are. For example, if you are about to head off to Afghanistan to work in the ‘security’ industry, insurers would consider that an important titbit of information.
Before hopping on that plane, give us a call to ensure your financial matters are taken care of. An hour spent with us can avoid time, suffering and money!
Regan Thomas
WealthDesign – a life well planned