Following HMRC review, Gibraltar legislation was amended in June 2012 to be compatible with HMRC rules. Up to 25% pension commencement lump sum can be taken from age 55. Income is taxed at a flat rate tax of 2.5% and declared as income in the client’s country of residence. There are a wide range of investments available and self investment is permitted.


Malta has over 70 DTAs, a sound financial services framework, good corporate governance, and solid regulation. VAT is not applicable to Trustee services in Malta. Withholding tax of up to 35% on pension income is levied where the individual is resident in countries that either have no DTA or a limited/remittance based agreement which may allocate or share taxing rights with Malta. Up to 25% pension commencement lump sum can be taken from age 55.

Contract QROPS

We are one of the few providers able to offer clients and intermediary partners the choice of a trust-based or a contract-based QROPS. Following HMRC recognition, the new STM Malta Contract Pension Plan has been listed on the HMRC ‘ROPS’ list. Prior to this listing, all STM schemes were trust-based. The creation of this plan was very much driven by feedback from our existing intermediaries who transact business in civil law jurisdictions where there is often a preference to recommend a contract-based pension.


As the only QROPS provider with an EU Life Assurance business within the same Group (STM Life), we are able to provide a ‘one-stop shop’ packaged product for those looking for a QROPS and bond solution. The SMART Bond offers a simple, competitive charging structure with all custody and dealing fees included, resulting in an efficient and transparent product without any additional charges. The SMART Bond provides an online facility for both advisers and clients, ensuring valuations and statements can be produced with minimum fuss.


Due to the additional complexities involved with dealing with the USA from a pension, investment, and taxation perspective, many advisers and providers shy away from dealing with any clients resident in, or connected to, the USA. However, thanks to the DTA between the USA and Malta, there is a solution available to clients with UK pensions who have emigrated to the USA, or US nationals resident outside the UK. STM Group have many clients in the USA and can help professional advisers with US clients to understand the potential solution.


If you are a professional adviser and would like more information on our Australian retirement solutions please contact one of our regional specialists.

* STM does not promote any of its own products in the USA and may only provide information and product materials to appropriately regulated professionals.  STM does not provide investment, pension transfer, tax or any other kind of advice.  Before determining whether to transfer UK (or any other) pension funds, individuals should consult with their own professional advisers.
Download our QROPS Guide
Download the STM Qrops guide (PDF)
Discover the benefits of a QROPS from STM
Simply fill in the form or contact one of our regional specialists
QROPS Specialist - Amy Curlee
QROPS Specialist - Kirby Dupont
QROPS Specialist - Anthony Lowes
QROPS Specialist - Paul Carter
QROPS Specialist - Stuart Denness

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