Malta-domiciled pensions’ schemes approved by the MFSA are eligible for QROPS status

Malta – 1st December 2009 - The MFSA is processing a number of applications for Malta retirement schemes under its Special Funds Act. Once authorised under the act, the schemes will be able to seek QROPS status from HMRC. HRMC will be assessing schemes for suitability on a case-by-case basis.

Malta pension schemes are included in more than 50 double taxation agreements and are also recognised in all countries in the European Economic Area (EEA).