European Union Retirement Benefits Scheme

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:

  • Tax-efficient
  • 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 should you wish more information about EURBS, speak to us today.