Our advisers between them have over 40 years’ experience advising clients on their pensions and pension investments, including personal and occupational (final salary & money purchase) pension accounts.

We meet many clients who have a collection of private and previous employer pensions accumulated privately and wish to consolidate these into one easily managed, tax effective pension account. We frequently come across pensions which have been sitting in poor investments for many years so losing valuable growth or those which have higher than average charges eroding the value.

The pension rules affecting all European Citizens are constantly changing and if you have not reviewed your options in recent years, we provide up to date advice on whether your pensions and the investments in them can be improved upon

For example in the UK, as recently as 2010 an individual was allowed to accumulate a pension as large as £1.8 million before they would be taxed on benefits they took from it. This figure has been whittled down in successive budgets with the figure reduced to £1 million from April 2016.  £1 million sounds like a large sum, but in 2015 you might only achieve a yield or income of 5% per annum or less before tax. For those used to a high level of income whilst working, lifestyle and family wealth could be severely affected by these limitations and the taxes that come with them. Co-ordinated Investment, Pension and Tax advice, which we provide, is needed to maximise and protect your wealth and income.

Again in the UK, as recently as 2012 anyone could pay as much as £255,000 tax-free into their pension. This has been reduced to a maximum of £40,000 per annum and in some cases as low as £10,000 under the latest rule changes. Whilst not many could make such large contributions, the self-employed business owner and high earners could maximise contributions in the good years, to compensate for the years when profit or income was low or zero in the lean years. We provide up to date advice for anyone in the UK and Europe who wishes to save money tax effectively in an environment where that wealth is protected and nurtured.

Expatriates moving around Europe and the rest of the world may be caught out by changes in pension rules in different jurisdictions. We suggest you take independent advice, perhaps annually, to help ensure your wealth is administered and invested appropriately and maintained compliantly.

Donít miss opportunities today that may not exist tomorrow! For a review of your pension arrangements, please get in touch via our contact page or call +356 2776 1094.


A pension is an administrative vehicle (or pot) holding cash and investments. It promises an income, subject to (from a tax point of view) the terms of the legislation that the pension was set up under and the circumstances of the individual beneficiary when that beneficiary takes any benefit, cash or income from the pension account.

With many different people moving between many different countries, there are a wide variety of types of pension accounts to cater for personal circumstances. In Europe the main personal savings vehicles we come across are QROPS, QNUPS & Offshore Annuities.

Qualifying Recognised Overseas Pensions Schemes (QROPS)
QROPS are very useful pension vehicles for those moving around Europe & the rest of the world or for those aiming to retire from the UK to abroad. They are designed for British expatriates and those who have built up pension rights & funds in the UK who wish to transfer their pension administration outside the UK.

Transfer from an existing qualifying pension into a QROPS is allowed with no tax consequences. Reasons to transfer will depend upon your individual circumstances and the country in which you are currently resident or propose to move to. Some reasons would be:

* Subject to the QROPS jurisdiction used and the relevant legislation at the time.

We can help with making the right choice of QROPS provider which is recognised by any appropriate authority and fits with your life and retirement plans from a tax perspective.

Qualifying Non UK Pension Scheme (QNUPS)
QNUPS are primarily for those looking to build up a larger pension fund than is permitted by UK pension’s legislation under the lifetime allowance rules. It can be a very useful vehicle to top-up retirement savings. As with QROPS, there is no tax relief granted on new contributions into a QNUPS, however assets inside a QNUPS can grow tax free.

One of the main reasons that a QNUPS is set up is so that savings and assets can grow in a tax free environment, but there are also Inheritance Tax and Family Wealth Protection planning opportunities.

A QNUPS can be utilised by a UK National or an expat living overseas, there is no requirement to leave the UK. QNUPS can be an extremely useful planning tool for high earners who already have large pensions such as Senior Executives, Business Owners and Senior Public Sector workers in final salary related schemes.

If you would like to discuss QROPS or QNUPS facilities please contact us or call +356 2776 1094.

International Executive Pensions (IEP’s)

Pensions for UK Companies Trading Internationally.
Executives working internationally for British based or owned businesses, can arrange a specialised and attractive UK based Pension Trust. It is specifically designed to allow employees of UK registered companies to build pension savings in the UK legitimately, whilst ‘”traveling the world” or based in another country for a period of time.

The arrangement is not “offshore” to the UK, is HMRC approved for employees who satisfy a certain criteria and is very flexible. In simple terms, the employer and employee set up an arrangement in, and from, the UK. This allows the employee (working internationally or based abroad) to convert a significant part of their remuneration package into a tax-free pension savings account.

For UK companies with such employees, these arrangements (which can only proceed with full HMRC approval) significantly reduce tax advice and employee benefit planning costs.

If you are a UK owned company with employees working abroad, get in touch

If you are employed by a UK based Company, a branch of a UK based business or live overseas and own your own business based in the UK, get in touch to discuss what planning options may be possible in your case.

Offshore Annuity

A standard pension annuity is one option for anyone holding a pensions fund who wishes to exchange their fund (normally after having taken the maximum tax-free lump sum allowable) for a guaranteed income for life. Once the fund has been handed over to the insurance company providing the annuity, you have no control at all. You are simply in a one way contract to receive income.

An “offshore annuity” provides the annuitant with more flexible income possibilities, more investment control and, in certain cases, potential Inheritance Tax Planning opportunities.

Another income option for a pension fund is an “Annuity Certain”. This type of annuity is designed to provide certainty. Instead of providing a set amount of income for life, the income is instead guaranteed for a fixed period of between 3 and 10 years. The aim is that at the end of the fixed period, the capital employed (or a known percentage of that capital) is returned to the pension account, so buying the pension holder time to think again about the next best course of action. If the annuitant dies half way through the term the capital balance and income may not be lost (as in the case of most pension annuities). Different capital protection and income options are available.

To discuss how an Offshore Annuity or Annuity Certain may benefit you, use our contact page to get in touch.

Templar European Investment Services Ltd - Financial Planning, Property, Pensions, Generation Planning, Business Owners, Financial Services, Malta

  • Templar EIS Ltd.
    VO2, The Hub
    Triq Sant Andrija
    SGN 1612
    San Gwann
    Tel: +356 2776 1094
    Fax: +356 2776 1084

Templar European Investment Services is a trading style of Templar EIS Limited, registered in Malta - number C70357.
Registered address Ė The Hub, Triq Sant Andrija, San Gwann SGN 1612, MALTA.
Templar EIS Limited is licensed to provide investment services by the Malta Financial Services Authority and is an Enrolled Insurance Broker.
Her Majesty’s Revenue and Customs does not endorse any scheme though it recognises certain structures.

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