News 27 Jul 16
Malta amends tax rules to clarify Qrops 30% transfer limit
Malta’s government has amended its income tax rules to make clear that savers can still take a 30% pension commencement lump sum (PCLS) when they transfer their pension pot into a Qrops registered on the island, after “significant lobbying” efforts by specialist provider Momentum Pensions.
Sovereign offers flexi-access drawdown from its Malta Qrops
Sovereign Pension Service in Malta has announced that it will offer flexi-access drawdown under its local Qrops scheme with immediate effect.
malta sun sea dtas and the eu
Malta has enjoyed a surge in popularity among financial services companies, in the wake of the financial crisis. Hedge funds, pension fund administrators and retiring Britons are relocating there, drawn by its agreeable climate and lifestyle, affordable costs, numerous DTAs, and regulatory infrastructure. Helen Burggraf reports.