Comparison of Malta and Gibraltar QROPS
Comparison of existing Sovereign Qualifying Recognised Overseas Pension Schemes
|
Scheme: |
Calpe Retirement Benefit Scheme |
Calpe Lite Retirement Benefit Scheme |
Centaurus Retirement Benefit Scheme |
|
Jurisdiction |
Gibraltar |
Gibraltar |
Malta |
|
Initial Set Up Fees |
£750*option A |
£300 |
€800* option A |
|
Annual Fees |
£900* option A |
£500 |
€1100* option A |
|
Investment House ** |
Option A – RSK/RL 360° |
RSK/RL 360° |
Option A – RSK/RL 360° |
|
PCLS/CD Maximum |
25-30% |
25-30% |
25-30% |
|
PCLS/CD Min. Age |
55 |
55 |
50 |
|
Max. age Benefits must be taken |
75 |
75 |
70 |
|
Withholding Tax |
2.5% Capped Drawdown only |
2.5% Capped Drawdown only |
Dependent on whether a DTA is held with the members country of residence |
|
Min/Max Investment |
Over £100,000 |
£25,000 – £100,000 |
Over £100,000 |
|
Trustees |
Sovereign Trust International Limited |
Sovereign Trust International Limited |
Sovereign Pension Services Limited |
|
Termination Fee |
£1,500 or free if to another Sovereign scheme |
£500 or free if to another Sovereign scheme |
€1,500 or free if to another Sovereign scheme |
|
HMRC No. |
504402 |
504488 |
504380 |
|
Trust Deed Date |
30 July 2012 |
7 September 2012 |
02 July 2012 |
|
Bank A/C Date |
30 August 2012 |
02 November 2012 |
31 August 2012 |
I should be pleased to talk to you about any of these schemes; simply Contact Me with more details.
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