A QROPS For Europe
A QROPS (Qualifying Recognised Overseas Pension Scheme) is a pension scheme established in a jurisdiction outside the UK that satisfies rules and regulations laid down by UK legislation (and has notified HMRC that it fits such criteria) in order to be able to receive transfers of UK registered pension schemes as authorised transfer payments.
The Boal & Co Malta Pension is a pension scheme established under trust in Malta.
The Boal & Co Malta Pension and its Trustee (ITC International Pensions) are regulated by the Malta Financial Services Authority (MFSA) under the Retirement Pensions Act 2011. ITC International Pensions is part of the wider ITC Group, which has over $1 billion under administration for individual pension clients.
The Boal & Co Malta Pension is listed with the UK tax authority HM Revenue & Customs as a QROPS.
If you are a UK expatriate individual with an existing QROPS and are looking for a new provider, the Boal & Co Malta Pension may be the solution for you.
There are a number of important considerations that are relevant to QROPS such as when you left the UK and when you completed your original UK pension transfer(s) to your existing QROPS. We therefore recommend that you speak with your adviser or get in touch with us so we can understand your circumstances and outline any specific conditions that may apply to your case.
