What is EURBS?
Through the European Union Retirement Benefits Scheme (EURBS) savers considering
a move to a different country can transfer their accumulated pension savings into
a more tax-efficient jurisdiction.
Changes in European Union legislation has allowed for an unprecedented freedom of
movement. This means that pensions now have to travel with them and hence rules
and regulations on that matter has been amended as such, allowing people to move
to their destination of choice and transfer their substantial funds with them.
The EURBS is a Malta-domiciled pension scheme. As a member of the European Union,
Malta has a long history of economic and financial security, giving you the peace
of mind you need. Every pension scheme is registered with the highly-respected Malta
Financial Conduct Authority.
Transferring your pension into a EURBS scheme will give you not only immediate access
to your funds upon retirement, but you will also be able to receive a lump sum free
of tax. In the event of your death, you will be able to pass on your full pension
fund to your beneficiaries.
What are the benefits?
There are a number of advantages to be enjoyed should you make the choice to transfer
your pension into a EURBS. These are some of them:
- Up to 30% of the fund as a lump sum
- More investment freedom
- Ability to pass on pension funds to your beneficiaries upon your death
- Flexible currency
- Tax-planning opportunities
Is EURBS suitable for me?
To be suitable for a EURBS, you have to be between the ages of 18 and 75 and saved
up at least of €50,000 for your pension. You also have to be planning to move
abroad permanently, unless you have done so already. If you tick all these boxes,
then a EURBS could be for you.
All nationalities are eligible and welcome to inquire further. Should you wish to
do so, speak to one of our Financial Advisers today. Our advice is free and with
Find Out how to Transfer your UK Pension to a EURBS