Malta QROPS is a jurisdiction of choice benefitting from having a secure and stable economy.  With its excellent regulated pension finance industry, the Malta Financial Services Authority (who is recognized by Her Majesty’s Revenue and Customs (HMRC)) insists that all Malta QROPS are regularly audited by an independent third party, giving Malta very high levels of security and confidentiality.

Malta QROPS has become a prominent jurisdiction since the changes in the UK legislation on 6 April 2012, leading to the subsequent removal of QROPS Guernsey from HMRC Qualifying Recognised Overseas Pension Schemes (QROPS) list.

Benefits of a Malta QROPS include:

• English is an official first language of Malta.
• Malta has its own Pensions Regulator – Malta Financial Services Authority.
• Over 65 double taxation agreements (DTA’s) between Malta and Spain which allows Malta QROPS trustees to pay pension income gross to residents of Spain on the basis that it will be declared, and tax paid, in Spain.
• Malta is a member state of the European Union – allowing for freedom of movement of UK pension funds into their schemes. And also adding an extra layer of trust and financial security for long-distance investors.
• Malta QROPS can offer flexible income and lump sum payments through its system of ‘Programmed Withdrawals’.
• For non-residents there is no income tax on pension income, no income tax on pension cash lump sums, no capital gains tax on pension fund gains.
• 0% tax on fund after death – meaning all of your fund will be able to be passed onto your loved ones.
• Malta QROPS are ideal solution for QROPS USA residents and citizens.
• Multiple pension funds can often be conveniently consolidated into one Malta QROPS.

Malta QROPS Advice

If you would like information about Malta QROPS, call us on +34 698 243 745 or Contact Us Today

GC QROPS has been successfully assisting UK expats in Spain with UK pension transfers for 9 years since 2006.

We are completely independent, and can advise on a wide variety of QROPS pension schemes – we are not tied to any single provider, which means that we will recommend the scheme which meets your exact requirements and needs.