Why Malta?

Malta is a respected, English-speaking financial centre with a strong pension scheme framework. It also benefits from being a full member of the European Union. Malta is recognized for its robust regulatory framework, which ensures the security and efficiency of pension schemes, particularly those involving overseas transfers.

Why Malta?

Malta’s robust regulatory framework, enforced by the MFSA and governed by the Retirement Pensions Act, provides a secure and efficient environment for managing pension schemes. The robust compliance and investor protections safeguard members' interests, making Malta an attractive jurisdiction for overseas pension schemes. The combination of flexibility, stability, and a focus on long-term sustainability has positioned Malta as a preferred choice for pension scheme management on a global scale.

What are the benefits of transferring to Malta?

Transferring your pension to Malta offers a range of benefits, particularly for individuals with international financial interests or those planning to retire abroad. Below are some key advantages:

  • Access your pension from 50 years of age (UK accumulated pensions age 55), defer till age 75.
  • Up to 30% tax-free lump sum.
  • Nominate your own beneficiaries on the scheme.
  • Inheritance benefits - you can pass on your pension pot to your beneficiary upon death Inheritance Tax free.
  • No Fund Cap.
  • Access to a wide range of investment opportunities - regulated & unregulated.
  • Tax Efficient – Malta has over 75 Double Tax Treaties.
  • No Tax to pay on assets within scheme (with exception of immovable property in Malta).
  • No Lifetime Allowance Limit (Ireland) or Overseas Transfer Allowance (UK).
  • You can combine various smaller pensions into one large pot resulting in only one annual management fee and benefit from the economies of scale by combining investment.
  • Avoid ongoing currency exchange fees by investing in the same currency as the country you reside in or in any currency of your choice.
  • Seamless & efficient transfers when transferring from an Irish occupational scheme to a Malta IORPS (Revenue approval not required).
  • No overseas HMRC transfer charge applies as the receiving scheme is an occupational scheme with a sponsor link.