What is an European Union Retirement Benefits Scheme (EURBS)?

Through the EU Retirement Benefits Scheme (EURBS) savers wishing to move to a different country can transfer their pension into a more tax-efficient jurisdiction and vehicle.

Changes in EU legislation has allowed for more freedom of movement for EU Members. Before EU members, that had a pension in their home country, moved abroad, their pension would have to travel with them. The rules and regulations have now changed allowing people to transfer their pension to a jurisdiction of choice through an EURBS, without it affecting where they wish to live.

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
  • Up to 30% of the fund as a lump sum
  • Investment freedom
  • Ability to pass on pension funds to your beneficiaries upon your death
  • Flexible currency options
  • Tax-planning opportunities

Is an 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 no obligation.