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Thread: Transfering currency out of NZ

  1. #1
    jimc23 is offline Junior Member
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    Default Transfering currency out of NZ

    Are there any restriction to be aware of on transfering wealth (your own) outside of NZ ?? someone told me there might be ?

    Thanks

  2. #2
    Cliff's Avatar
    Cliff is offline Oh Masterful One
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    There isn't a restriction but if you carry x amount of currency you need to declare it. I forget the exact amounts.

    cheers

    Cliff
    Cheers

    Cliff

    Nelson, New Zealand
    NZ Citizenship in 2000, been in NZ 15 years now
    Arrived NZ in 1997 from Las Vegas, Nevada, USA

    "New Zealand isn't just a physical place it is a state of mind."

  3. #3
    kokopeli is offline God like figure
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    You have to declare if you are travelling in or out of New Zealand with cash amounts of NZ$10,000 or more. That gives the 'Officials' time to get a posse together and turn you over in the airport toilets.....






    Only kidding. About getting turned over by Officials I mean.....

  4. #4
    Taffy's Avatar
    Taffy is offline He who shall be ignored
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    Do you mean taking it with you or tranferring it out via your bank or other means?

    If transferring, I don't think there's anything to worry about, unless its the proceeds of a business as you'll have to pay the upper tax rate. Apart from that, I dont think there is any penalty for transferring your own personal money wherever you like!
    Taffy

    The greatest mistake you can make in life is to be continually fearing you will make one.

  5. #5
    Welshgirl's Avatar
    Welshgirl is offline Super Moderator
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    Quote Originally Posted by kokopeli View Post
    That gives the 'Officials' time to get a posse together and turn you over in the airport toilets.....

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