View more on these topics

Panthera to market new Malta Qrops

Qrops promoter Panthera has signed a distribution agreement with Malta trust company Custom House Global Funds Services to roll out a new qualified recognised pensions scheme. 

Money Marketing reported in February that the firm was looking to sign an agreement with a Maltese trustee for a new Qrops.   

The Melita International Retirement Scheme is designed for non-UK residents looking to transfer their UK pensions abroad to an HM Revenue & Customs registered scheme.   

Most UK pension schemes will be eligible for transfer except the state pension and most final salary schemes already in payment.

At retirement age the scheme will pay a lump sum of up to 25 per cent.  Normal retirement age is 65 with an early retirement age of 55 and benefits must be drawn down before the age of 70. 

Equity Trust, the trustee of Panthera’s Singapore-regulated overseas self-invested international pension fund, has issued an application to the High Court for the scheme to be restored to Qrops status after the jurisdiction was de-listed by HMRC in May 2008.

Panthera managing director Bethell Codrington says: “Malta has a lot to offer. It has full EU and Commonwealth membership and is politically, socially and economically stable. It is on the OECD ’White List’ and holds a diverse number of tax treaties, yet retains strong professional confidentiality laws.” 


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Manish Chaurasiya 4th March 2013 at 1:45 pm

    Malta has a long history with the UK, paticularly on a military front. The first Malta QROPs where introduced in 2009, and with the new restrictions on Guernsey QROPS, it is likely that Malta will become one of the most popular jurisdictions for European residents.
    malta qrops

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm