Gibraltar and Malta are two of the main international pension jurisdictions. Any UK pension scheme transferred to an international pension plan should ideally be held in a jurisdiction which is financially secure, has a good reputation and has low political and regulatory risk. Gibraltar and Malta are well regarded in these respects.
Having access to pension schemes in Gibraltar and Malta means that Prism Xpat has the ability to create a truly Global pension strategy for you, compared to simply considering the UK or your country of residence.
These two jurisdictions differ in many regards, which mean that one or the other is likely to be best for you. As examples, Malta is a member of the European Union, whereas Gibraltar is a British Overseas Territory. Malta has many Double Taxation Agreements in place, whereas Gibraltar does not. Both charge different rates of taxation on withdrawals.
In all cases, whenever considering an international pension scheme, we will be sure to compare the benefits of using these schemes to retaining your scheme in the UK or (where possible) having this transferred to your local jurisdiction.
