QROPS Key Differences

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Gibraltar

Malta

Retirement Age

55-75

55-75

Tax on Pension Income

2.5% flat-rate. Consider tax in country of Residence

DTA between Malta and Country of Residence, so no Tax in Malta, but relevant DTA should be considered.  If no DTA, or DTA gives Malta taxing rights, Maltese Tax rates up to 35%

Pension Income

Up to 150% GAD

Flexi-Access

Lump Sum (PCLS)

Up to 30%

Up to 30%

Tax Return for Pension Income

Required

Required

Borrowing on Property (commercial only)

Allowed

Allowed

Connected Party Investments

50%

Not Allowed

Connected Party Loans

Not Allowed

Not Allowed

As your life changes, so should your financial recommendations, this ensures relevance of position in a changing financial world.

Andrew Caddick – Managing Director

Secure your future, today

Clear, transparent financial services with over 30 years of expertise