We have developed a range of regulated personal pension solutions and corporate solutions for UHNW individuals, using Malta’s extensive and modern double tax treaty network.
Regulated personal pensions can be used for a variety of purposes, ranging from top-up pension pots for wealthy UK residents to facilitating collective investment in UK real estate for non-UK residents. They also offer advantages for US citizens, whether resident in the US or elsewhere, thanks to the favourable terms of the double tax treaty between the USA and Malta.
Examples of how we have helped clients
- A high-earning UK resident business executive was referred to us by a UK tax advisor. The client had already contributed the maximum he could to his UK registered pension plans and was looking for a solution to continue saving to fund his lifestyle in retirement. The client’s aims and future intentions were reviewed in depth and a Maltese pension plan established using his non-UK savings. Further contributions will be made on an annual basis from surplus post-tax UK earnings, with retirement benefits commencing once the client has retired at age 60, outside the UK.
- A Middle Eastern family was introduced to us by its family office, as the family were keen to explore the best way to facilitate a significant investment in UK real estate. Under advice from a leading accountancy firm, the principals in the family each established a Maltese pension plan, contributing the cash they wished to deploy. Collectively this cash was used by the trustees to invest in a large portfolio of UK investment property, via a regulated UK Unit Trust, introducing considerable UK tax efficiencies.
- An existing client was keen to combine his five UK regulated pension plans, amassed throughout his UK employments, by transferring them all to a single Maltese pension plan. The client was approaching retirement and had already settled on Portugal as his new home. Under advice from UK and Portuguese tax advisors the trustees distributed retirement benefits from his Maltese pension plan to the client in Portugal, creating a significantly more favourable tax profile compared to taking retirement benefits from the UK pension plans had the transfer not taken place.
Services
Our pensions trustee services include:
- Selecting an appropriate structure and jurisdiction
- Establishing a pension scheme
- Accounting and financial reporting processes
- Regulatory compliance and governance
- Tax compliance and international tax reporting
- Acting as pension trustee
