Gibraltar is one of the most popular QROPS jurisdictions due to its pragmatic operating framework, low rate of taxation and established financial services industry.
Sovereign has a long association with Gibraltar and was one of the first companies to receive a professional trustee’s license in the territory.
Gibraltar QROPS at a glance
|Investment Options||Open architecture|
|Benefit commencement||55 – 75|
|Maximum Lump Sum||30%|
|Gibraltar tax rate applicable to pension*||2.5%|
|Death Benefits||100% lump sum or survivor’s pension|
The table assumes the QROPS member is non-UK resident and has resided outside of the UK for five complete and consecutive UK tax years.
* The pension may also be taxed in the member’s country of residence.
Sovereign offers the choice of two Gibraltar QROPS: