Isle of Man Pensions

Isle of Man Pensions

Why Isle of Man?

The Isle of Man’s close proximity to the UK, established pensions industry and robust regulation from the Insurance and Pensions Authority has made it an extremely successful QROPS jurisdiction. The presence of the major international life offices on the island also helps to ensure a seamless investment process.

Isle of Man QROPS at a glance

Investment Options Open architecture
Benefit commencement 55 – 75
Maximum Lump Sum 30%
IOM tax rate applicable to pension* 20%
Death Benefits Lump sum or survivor’s pension

The taxation of the death benefits depends on the beneficiary’s country of residence and the amount of time the deceased had been non UK resident at the date of death.

*Isle of Man tax will not apply where the pension taxing rights are granted to the member’s country of residence under the terms of a double taxation agreement.


Sovereign offers the choice of two Isle of Man QROPS:

  • The Aegean Personal Pension Plan (For Pensions with a value greater than £100,000)
    Isle of Man QROPS
  • The Aegean Lite Personal Pension Plan (For Pensions with a value less than £100,000)
    Isle of Man QROPS Lite


Sovereign’s Isle of Man QNUPS

  • The Pacifica Personal Pension Plan – Download

Sovereign’s Isle of Man SIPP

  • SIPP Specialists (IOM) Scheme – Download

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Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173