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ITC PERSONAL RETIREMENT SCHEMEA Qualifying Recognised Overseas Pension Scheme (QROPS)

A QROPS pension scheme is an excellent option for people of

any nationality, who have accumulated a UK pension fund and

are now living or planning to live out their retirement overseas

(not necessarily in Malta). A QROPS offers excellent flexibility

and significant taxation and investment advantages allowing

UK pension holders to get more out of their pension.

“ excellent flexibility and significant taxation and investment advantages...”

QUALIFYING RECOGNISED OVERSEASPENSION SCHEMES (QROPS)

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ITC is a leading provider of self-administered pension structures in Ireland.

Administering over €1 billion of client funds in 3,000 pension structures. ITC act as

trustees of self-administered pensions schemes, which typically have one member.

ITC also act as trustees to larger occupational schemes, which can have a large

numbers of members, and private trusts. ITC has combined with Fexserv, one of

the largest financial services groups in Malta, to form ITC International Pensions

Ltd. We pride ourselves on our high-quality service and technical skill ensuring our

staff have the expertise to provide a highly efficient and professional service to our

members and advisors.

“ We pride ourselves on our high-quality service and technical skill”

WHO ARE WE?

A QROPS is a Qualifying Recognised Overseas Pension Scheme, a pension scheme,

based outside the UK, which meets the requirements of Her Majesty’s Revenue and

Customs (HMRC). All our schemes are registered with HMRC and offer you the ability

to transfer your UK registered pension scheme(s) overseas and gain the advantages of

becoming a scheme member. Maltese Retirement Schemes are regulated by the Malta

Financial Services Authority - in particular, the Retirement Pensions Act, 2011 (Chapter 514

of the laws of Malta and subsidiary legislation) and meets the high standards set by HMRC.

Malta is a respected, English-speaking financial centre with a robust pension scheme

framework. It also benefits from being a full member of the European Union.

WHAT IS A QROPS?

“A QROPS is a Qualifying RecognisedOverseas Pension Scheme”

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• Ability to retire at an age to suit you and take benefits in a form that is best for you.

• No Nationality Restrictions - available to all nationalities with accrued UK pensions, leaving or having already left the UK.

• Access to a wide range of investment opportunities free from income or capital gains tax.

• 25% Tax Free lump sum.

• Tax Efficient - Malta has over 60 Double Tax Treaties (DTAs); for residents of countries that have a DTA with Malta this means it can pay pension income gross in accordance with HMRC’s requirements.

• Fund growth is Tax Free.

• Inheritance benefits - Benefits under the pension scheme can be paid free of inheritance tax in the UK or Malta.

• You can combine various smaller pensions into one large pot.

• Avoid ongoing currency exchange fees in investing in the same currency as the country you reside in or in any currency of your choice.

• Flexi-Access Drawdown available from the age of 55.

BENEFITS OF A MALTESE QROPS:

For further information on how an ITC Personal Retirement Scheme can

benefit you, please discuss your options with your financial adviser.

GET IN TOUCH

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ITC International Pensions Limited is authorised and regulated by the Malta Financial Services Authority and registered under the Retirement Pensions Act as Retirement Scheme Administrators.

ITC International Pensions Limited Alpine House, Naxxar Road, San Gwann, SGN 9032, Malta.

Tel: +356 2576 7000 Fax: +356 2576 7100 Email: info@itcinternationalpensions.com