As a full member of the EU and EEA, Malta is becoming a dominant force in International Pensions, particularly QROPS.
Situated in the southern Mediterranean, Malta has risen into the ranks of Europe’s leading finance centres. This has been driven by the island’s reputation for stability, predictability and security together with a robust, EU-compliant regulatory framework and deep talent pool attracting companies from around the world seeking opportunities for doing business in Malta. With English as an official language, legislation being published in English and based historically on common law, and with over 70 double taxation pension agreements in place, Malta makes an ideal place for UK expatriates to hold their pension provision.
The Boal & Co Malta Pension is designed to fully satisfy the rules applicable to QROPS. Whilst observing all HMRC requirements, it aims to optimise the position for members. The result is a scheme which delivers more benefits, and less tax. The Trustees of the scheme are ITC International Pensions Ltd, a regulated Maltese pension provider and part of the wider ITC Group, which has over $1 billion under administration for individual pension clients.
Boal & Co (Pensions) Limited, an Isle of Man pension provider with over 20 years’ experience of administering international pension plans, are registered with the Malta Financial Services Authority as Back Office Administrator to the scheme.