Trireme offer a range of personal and corporate pension plans from its licensed and regulated offices in Malta and Guernsey.
As a full EU member and Eurozone state, Malta has been one of the most preferred jurisdictions for international retirement planning for many years. It boasts a large number of double taxation agreements which set out how retirement benefits will be treated upon drawdown - which often result in zero Malta withholding tax. Trireme established the first pensions written under contract (rather than trust) which can offer significant benefits for people living in jurisdictions that don’t recognise trusts – or actively discriminate against them, which includes most of mainland Europe as Civil Law jurisdictions.
They also offer trust versions of most of their plans – which run at the same price as the contract versions and clients are free to move between plans should their tax circumstances change.
The Pathfinder Retirement Scheme is a contract based plan recognised as an Overseas Pensions Scheme by HMRC under reference number: QROPS510039. Trireme also offer the Pioneer Retirement Plan which is a trust based version – recognised as an Overseas Pensions Scheme by HMRC under reference number: QROPS900554.
The Explorer Retirement Plan which is a contract based QNUPS open to accept personal contributions and designed to receive contributions from individuals to provide supplementary retirement benefits. It is registered with the Malta Financial Services Authority and may be suitable for those who are contemplating becoming resident in a jurisdiction that does not recognise trust-based pension schemes and it can offer added security over traditional trust-based schemes.
Trireme are one of the few international pension providers who have specific solutions for US taxpayers and they offer unrivaled expertise in this area.
US International Retirement Plan
The ‘US IRP’ is an international pension for US taxpayers wherever they are located in the world, or for pre-US immigration work. It offers a personal pension solution for American taxpayers who wish to fund a personal retirement plan – but it is not designed to accept transfers of previously funded UK or US pensions.
The US Pathfinder Retirement Scheme is a (Q)ROPS for US taxpayers– or persons soon to become US taxpayers. This can assist with pre-US immigration for people already holding a (Q)ROPS or for people that may wish to consider re-aligning their pension assets before relocating to the US. The plan is written under Contract rather than trust to reduce the amount of US tax returns required by members when compared to a trust based plan.
As home of PraxisIFM’s head office, Trireme have a strong presence in Guernsey supported by a wealth of local and international expertise. As a jurisdiction, Guernsey offers a very simple taxation profile on pensions with no withholding tax on benefits taken from the plan upon reaching retirement age. It can be an alternative to Malta if there is no, or an unfavorable, double taxation agreement that can give rise to local tax in Malta. Guernsey can no longer offer new (Q)ROPS but Trireme administer a number of existing plans and transfer other existing Guernsey (Q)ROPS to their trusteeship.
The Agility QNUPS offers many of the same advantages as Trireme’s Malta QNUPS but it does not rely on the existence of a DTA in order to pay retirement benefits without any withholding tax. In addition, the Guernsey investment rules are more flexible than Malta’s meaning it can be used for more bespoke private client needs whilst still offering the same UK IHT protections.
Trireme’s IPP (International Pension Plan) in Guernsey is established under the 40ee regulations. This is not a QNUPS and offers no protection from UK IHT, but it does offer highly flexible investment options and retirement benefits.
Trireme also provide corporate retirement plans for companies in a single location or for those with employees in multiple jurisdictions. They have specialist plans for Malta and Guernsey companies but a bespoke offering for other international organisations supported by their own in-house software solutions that can accept plans for up to 1 million members.