The structures you need
For international expatriates employees and individuals, and their professional advisors, we are the pain-free route to customised, tax-efficient and strategy-driven, retirement.
International pension plans
Expatriates and internationally mobile employees deserve a sound retirement plan just like everyone else. However, national regulations limit flexibility, portability and fiscal efficiency. International legislation is hard to navigate. Setup costs can be substantial.
- Packaged plans provide standardised solutions.
- Bespoke schemes can be tailored to exact needs.
- Hybrid structures support the complexity of international HR objectives.
Open architecture provides the freedom to invest in numerous asset classes for corporates. Our easy-to-use online platform simplifies investment management and lets individual members manage their accounts. Demonstrations available on request.
We currently offer a range of International Pension Plans (IPPs) which cater for both corporates and individual clients, including Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying non-UK Pension Schemes (QNUPS).
Qualifying Recognised Overseas Pension Schemes (QROPS)
As a result of HMRC’s pension simplification process, Qualifying Recognised Overseas Pension Schemes, or QROPS, are pension solutions for those intending to leave or who have left the UK. Most UK pension schemes can be transferred to a QROPS including protected rights; the exceptions are typically state pensions and most final salary schemes already in payment. Our QROPS offer you the opportunity to transfer your UK registered pension scheme(s) abroad, provided that a UK registered pension scheme and the (QROPS have the appropriate transfer out and transfer in powers, respectively.
Qualifying non-UK Pension Schemes (QNUPS)
QNUPS were born out of Statutory Instrument 51/2010. From that date, the Inheritance Tax Treatment of QNUPS was brought into line with other pension legislation. Individuals have also been able to make post-tax contributions to a QNUPS, providing them with a fund which will grow free of income and capital gains tax, as well as provide valuable additional pension benefits and protection from inheritance tax. As non-UK approved schemes, QNUPS do not automatically confer these benefits but if properly structured in the right jurisdiction advantages can be attractive.
Our current QNUPS, Calypso International Retirement Scheme (CIRS), is regulated and approved by the Malta Financial Services Authority (MFSA).
International Pension Plans (IPPs)
IPPs are simple, flexible retirement schemes for international employers or globally-migrating executives. IPPs are able to receive employer contributions from international companies wishing to provide tax efficient savings vehicles for their international employees, and are readily portable. Our current IPP range is based in two well-regulated and established financial jurisdictions in addition to bespoke employer sponsored schemes in various international jurisdictions.
TMF Group and TMF International Pensions Limited Corporate Social Responsibility (CSR), Environmental, Social and Governance (ESG) and Sustainable Finance Disclosure Regulations (SFDR)
On March 10, 2021, the Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial sector (the ‘Regulation’) came into force. As part of the regulation, TMF International Pensions as a Retirement Scheme Administrator (‘TMF) is required to provide certain disclosures on sustainability risks and the impact of ESG.
Sustainability risks are defined under the regulation as an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment.
The regulation requires TMF to disclose whether any Principal Adverse Impact (PAI) of investment decisions are considered.
All personal pension schemes administered by TMF International Pensions are member directed schemes, and as such TMF does not make or advise on investment decisions on behalf of its members. Instead, members appoint an Investment Adviser and/or an Investment Manager to advise on and manage their investments for them unless they are classified as a Professional Member, in which case they will make their own Investment decisions. Therefore, TMF does not deem the PAI of its investment decisions on sustainability factors to be relevant.
Nevertheless, the Trustees encourage investment decisions to be in line with the CSR and ESG position of TMF Group and the permitted range of investments by the Malta Financial Services Authority (‘MFSA’) and every effort will be made to ensure each member is aware of the sustainability risks relating to their investments within the Scheme.
Furthermore, the Company has a fixed remuneration policy, save for instances following a performance review both at Company and personal level. For this reason, TMF believes its remuneration policy falls in line with the integration of sustainability risks.
As part of TMF Group, the Trustees adopt a corporate culture aligned with the permitted range of investments by the MFSA and TMF Group’s Group Corporate Social Responsibility (CSR) and Environmental, Social and Governance (ESG) position. Details of the TMF Group policy can be found at: