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Freedom: A flexible, tax efficient retirement savings scheme
An international pension with flexibility built in.
Freedom is an international personal pension plan designed for individuals living outside the Isle of Man who want a tax-efficient way to consolidate and manage their retirement savings. Whether your wealth has been built through international pension arrangements, cash contributions or investment assets, Freedom enables you to bring everything together under one structure while maintaining flexibility over investments, currency choice and retirement benefits. It is designed specifically to meet the needs of internationally mobile individuals and their families.
Everything you need to manage international retirement savings.
- The ability to contribute cash, transfer assets in specie or make regular and single contributions with no scheme-imposed contribution limits
- Consolidation of existing international pension arrangements and investment assets into one structure
- No Isle of Man tax deducted at source on investment growth and income within the pension fund
- Flexible retirement options including full lump sums, ad-hoc withdrawals, drawdown income or a combination of benefits
- Benefits available from age 50 with no maximum age at which benefits must begin
- Retirement benefits paid with no deduction of Isle of Man tax
- Lump sum and retirement income can be denominated in different currencies to help manage exchange rate exposure
- Wide investment choice ranging from bank deposits to platform investments and discretionary managed portfolios
Designed for international lives and global retirement planning.
Freedom has been created specifically for internationally based individuals who need greater flexibility than traditional domestic pension arrangements can offer. The scheme combines tax efficiency, flexible access to benefits, broad investment choice and succession planning opportunities within a professionally administered Isle of Man pension structure. It allows members to consolidate assets, manage retirement savings across currencies and jurisdictions, and create a retirement strategy that reflects their unique circumstances.
Frequently asked questions.
International Pension Plans (IPP) are overseas pension schemes established in international financial centres, which are neither the home country of the individual member (personal plans) or the employer and employees (occupational plans), with the sole purpose of providing retirement benefits for members.
If you have personal assets, cash, or other international pension arrangements, and are aiming to fund your retirement in a flexible and tax efficient manner, there are several benefits of contributing or transferring these into Freedom. Speak to us or download the brochure to learn more.
Investment can be made into collective investment funds, private portfolio bonds, investment bonds and other life assurance policies, shares and other listed equity investments, gilts, corporate bonds and other fixed-interest or index-linked securities, bank and building society accounts. Please refer to Boal & Co’s Investment Guidelines for a full list of asset classes available under Freedom.
Freedom is an international pension scheme designed for individuals who wish to contribute to a pension plan for future retirement planning purposes but are unable to fund a scheme or are restricted by annual contribution limits in their country of residence. Freedom is NOT open to Isle of Man residents but is generally available to all other individuals tax resident outside of the Isle of Man. Please note that there are some countries from which we are unable to accept business – please contact us for details. The minimum investment in Freedom is £50,000.
If you have read the Freedom brochure and accompanying material, are eligible, and have decided that you would like to contribute to Freedom, you can apply for membership using the application form. The application form also enables you to tell us who your financial adviser is, and the rate of adviser or investment management fees applicable.
Talk to us about Freedom
If you are eligible and have decided that you would like to contribute to Freedom, contact our team to get started.
Technical Sales Manager