Overview

AEOI

Under the AEOI (Automatic Exchange of Information) standard, we are required to determine in which overseas countries, if any, our customers are ‘tax residents’. If you are a tax resident outside of New Zealand we need to give the Inland Revenue this information, along with other information about your accounts with us. Inland Revenue may share this information with overseas tax authorities.

Letters have been sent to policy owners who are required to advise us of their tax residency and Tax Identification Number (‘TIN’). These letters will have gone to policy owners who are currently overseas and have not responded to previous information requests, policy owners who have moved overseas and policy owners who have returned to New Zealand; all these situations require an update of our records.