Malta Pension Services
The robust regulatory framework provided by the Malta Financial Services Authority (MFSA), together with Malta’s full EU Member status and established financial services industry, make Malta a compelling jurisdiction for international pensions. Malta’s legislation allows for a number of customised structures that suit the requirements of individuals or international businesses
Malta QROPS
Malta QNUPS
A Qualifying Non-UK Pension Scheme (QNUPS) is a pension scheme based outside the UK that qualifies for an exemption from UK Inheritance Tax (IHT). QNUPS were created under the Inheritance Tax Regulations 2010, which became effective on 6 April 2010, and add to the menu of potential retirement planning solutions available from Sovereign. QNUPS are open to UK tax residents, including those permanently residing in the UK and overseas residents who are UK domiciled.
QNUPS are a particularly attractive additional retirement savings plan for UK resident individuals who have reached the permitted limit of their domestic UK annual and lifetime allowances, but who wish to make further provision for their retirement. QNUPS may also provide attractive pension planning for non-UK resident and non-UK domiciled individuals who may decide to move to the UK, or UK expats who may wish to return to the UK in the future.
Malta Pension Contacts
Sustainable Finance
On March 10, 2021 the Regulation (EU) 2019/2088 of November 27, 2019 on sustainability-related disclosures in the financial sector (the “Regulation”) entered into force. This regulation aims to support sustainable investments by requiring Financial Market Participants and Financial Advisers, both as defined in the Regulation, to disclose information regarding sustainability risks to investors and clients.
In the meantime, we encourage our clients who form part of our member-directed schemes to familiarise themselves with their investment products and consider any sustainability risks integrated in these products together with their chosen investment adviser or manager.
Our remuneration policies are independent of variable factors, and since sustainability risk is not considered in investment decisions, there has been no change to Sovereign’s remuneration policy.
Read Next
Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.