Pension Schemes
The increasing mobility of companies and individuals brings more to the fore the importance of creating international pension plans which were previously considered to be a purely domestic matter.
The enactment of the Retirement Pensions Act [Chapter 514 of the Laws of Malta] has supplemented the Maltese legal framework to license and regulate occupational and personal retirement schemes, retirement funds and related service providers, including the recognition of the back-office administrative services.
HM Revenue & Customs has also confirmed that Retirement Schemes established in Malta and regulated by the MFSA may be considered on a case by case basis for Qualifying Recognised Overseas Pension Schemes (QROPS) under UK Law, thus allowing the transfer of pension rights into the scheme without a UK tax charge.