New Zealand resident individuals will have increased options if they decide to transfer their foreign superannuation before 1 April 2014. Previous rules enabled a “15% option” for those who made a lump-sum withdrawal or a transfer to another superannuation scheme to pay a tax of only 15%, subject to certain rules. Under the proposed changes the option is available to persons whose funds are not transferred out of New Zealand by April 1, 2014; the taxpayer must prove they have made a formal application before that date.