A QROPS For Europe
A QROPS (Qualifying Recognised Overseas Pension Scheme) is a pension scheme established in a jurisdiction outside the UK that satisfies rules and regulations laid down by UK legislation (and has notified HMRC that it fits such criteria) in order to be able to receive transfers of UK registered pension schemes as authorised transfer payments.
The Boal & Co Malta Pension is a pension scheme established under trust in Malta.
The Boal & Co Malta Pension and its Trustee (ITC International Pensions) are regulated by the Malta Financial Services Authority (MFSA) under the Retirement Pensions Act 2011. ITC International Pensions is part of the wider ITC Group, which has over $1 billion under administration for individual pension clients.
The Boal & Co Malta Pension is listed with the UK tax authority HM Revenue & Customs as a QROPS, and is a qualifying jurisdiction for the purposes of the exemption from the UK Overseas Transfer Charge where the individual member is an EEA tax resident individual, meaning that the transfer of your UK pension schemes can be made without incurring any UK tax (subject to the total value being below the UK Lifetime Allowance).
If you are a UK expat individual who is tax resident within an EEA country and have UK pension schemes from former employment or otherwise, the Boal & Co Malta Pension may be the solution for you.
Malta
As a full member of the EU and EEA, Malta is a leading finance centre with a reputation for stability, predictability and security together with a robust, EU-compliant regulatory framework.
With more than 70 double taxation pension agreements in place, it can be an ideal jurisdiction for UK expatriates to hold their pension provision and is consequently a dominant force in International Pensions, particularly QROPS.
The Boal & Co Malta Pension is a pension scheme established under trust in Malta and listed with the UK tax authority HMRC as a ROPS. It can be suitable for individuals who are tax resident within an EEA country and are either looking to transfer their UK pensions or their existing QROPS.
