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Overall best way: Wise
Wise scored the highest of the 17 money transfer companies supporting NZD to GBP transfers.
In total, Wise appeared in 92.3% of New Zealand to United Kingdom searches.
For a great mix of cost, speed & features, we advise using Wise for your New Zealand to United Kingdom transfer.
How to compare companies offering money transfers from New Zealand to United Kingdom
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from New Zealand to the United Kingdom. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to the United Kingdom.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from New Zealand to your chosen country & currency.
Summary of recent searches
Considerations for sending money from New Zealand to United Kingdom
Always compare ways to send money from New Zealand to the United Kingdom to get the best options for fees, speed, and reliability.
Our analysis included 17 providers that operate between New Zealand and United Kingdom.
Through this, you get a comprehensive view of all the options you have in New Zealand when you need to send money to the United Kingdom.
Cheapest way to transfer money to the United Kingdom from New Zealand: Revolut
Of the 17 providers compared, data shows that Revolut is 0.2% cheaper than the second-best option.
The is cost is made up of an average NZD-GBP exchange rate that is 0.14% different to the mid-market rate and an average fee of 0* NZD.
If you want to secure the best rates on a NZD to United Kingdom transfer, Revolut will result in the most Pound Sterling received.
*The most common fee applied to NZD-GBP by Revolut, based on data from the past six months.
Fastest way to transfer money to United Kingdom from New Zealand: Wise.
Through our data, we found Wise to be the fastest option for sending money from New Zealand into Pound Sterling in 56% of occasions. For fast NZD to GBP money transfers, Wise comes highly recommended.
New Zealand to the United Kingdom transfers with Wise have an average fee of 112.05 NZD.
To test that Wise was the 'fastest' option we compared 17 providers. With this, we compared overall speed of sending money from New Zealand to the United Kingdom made up of depositing New Zealand Dollars, to a money transfer account and transfer times to the United Kingdom.
When sending at speed is a priority, Wise is our recommended choice for sending into United Kingdom from New Zealand.
Transfer a large amount of money
Wise is the strongest option for large transfers of the 17 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from New Zealand to the United Kingdom can become expensive through your bank or with the wrong provider.
Our data shows Wise as the best choice for sending large sums of money to the United Kingdom from New Zealand.
Tax implications on transfers from New Zealand and into the UK
When receiving money in the UK from New Zealand, the recipient should be aware of any legal and tax implications of the transfer.
Depending the type of transfer being received, obligations in the UK will differ.
There are also potential tax reliefs that those receiving money in the UK from New Zealand should be aware of.
These are:
Type of Income/Tax | Declaration or Relief | Details | Monetary Values |
|---|---|---|---|
Employment Income | Declaration | Salary or wages received from abroad are subject to UK income tax. | Tax rates: 20%, 40%, 45% based on income. |
Self-Employment Income | Declaration | Payments from clients abroad are subject to UK income tax. | Tax rates: 20%, 40%, 45% based on income. |
Pension Income | Declaration | Overseas pensions are subject to UK income tax, with possible exemptions depending on tax treaties. | Variable based on pension income. |
Foreign Investments | Declaration & Relief | Gains from selling overseas assets are subject to capital gains tax, with relief under double taxation agreements. | Tax-free allowance: £12,300 (2023-2024). Tax rates: 10% or 20%. |
Gifts and Inheritances | Declaration | Subject to UK inheritance tax, especially if the deceased was a UK domicile. | Threshold: £325,000. Tax rate: 40% above threshold. |
Foreign Dividends | Declaration & Relief | Subject to UK income tax, with possible relief for foreign tax paid. | Tax-free dividend allowance: £1,000. Tax rates: 8.75%, 33.75%, 39.35%. |
Foreign Interest | Declaration & Relief | Interest from foreign accounts is subject to UK income tax, with possible relief for foreign tax paid. | Tax-free savings allowance: £1,000 (basic rate), £500 (higher rate). |
Double Taxation Relief | Relief | Relief against UK tax liability for foreign tax paid on the same income. | Varies based on foreign tax paid. |
Remittance Basis (Non-Domiciled) | Declaration & Relief | Tax on foreign income and gains only if brought into the UK, with specific rules and charges. | Annual charge: £30,000 (residents of 7 out of 9 years), £60,000 (residents of 12 out of 14 years). |
Reporting Requirements | Declaration | All foreign income and gains must be reported to HMRC via self-assessment tax return. | Penalties and interest for non-compliance. |
Understanding the cost of sending money from New Zealand to United Kingdom
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from New Zealand to the United Kingdom.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Pound Sterling for your New Zealand Dollar. The current NZD-GBP mid-market rate is 0.4619 GBP per New Zealand Dollar.
This rate changes regularly so it can pay to track it. For comparison, the NZD-GBP mid-market rate for the past three months has averaged 0.4735 GBP per New Zealand Dollar, with a low of 0.4646 and a high of 0.4836.
Wise is currently offering the best exchange rate from the 17 companies compared.
Often the NZD-GBP exchange rate you pay is the biggest cost factor when transferring New Zealand Dollars to the United Kingdom.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of New Zealand Dollar you’re sending to the United Kingdom. Revolut currently has the lowest fees for transfers into GBP at an average of 0 NZD over the last 6 months. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Pound Sterling is the biggest indicator of the total cost of sending money to the United Kingdom from New Zealand. The bigger the amount received in the United Kingdom, the lower the overall cost of sending from New Zealand.
How to find the best exchange rate for New Zealand Dollar to Pound Sterling
Timing is essential for sending money between NZD and GBP. The exchange rate you secure impacts how much GBP you get for your NZD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from NZD to GBP has seen some fluctuation. On average, it stood at 0.4735.
During this period, the highest value recorded was 0.4836, while the lowest was 0.4646.
Wise, which is our recommended service to send money online from New Zealand to United Kingdom offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best NZD-Pound Sterling exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from New Zealand to United Kingdom!
Paying for your New Zealand to United Kingdom transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from New Zealand to the United Kingdom.
By using a money transfer company such as Revolut for transfers from New Zealand to the United Kingdom, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Revolut is the cheapest provider for bank transfers from the 17 we tested when sending NZD to the United Kingdom.
With an average fee of 0 NZD to send money from New Zealand to the United Kingdom, Revolut offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from New Zealand to the United Kingdom with a debit or a prepaid card is easy with Wise.
Wise is a one of the better options in the market for international debit card transfers from New Zealand to the United Kingdom.
Credit cards
For credit card transfers from New Zealand to the United Kingdom, Wise is our top choice of the 17 companies offering this payment method.
Be aware of fees: using a credit card to transfer money can mean being charged for a cash advance by your card provider. We always recommend a bank transfer or debit card payment if it is a possibility.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United Kingdom and New Zealand.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from New Zealand to United Kingdom.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NZD to GBP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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