STM Group launches US specific QROPS for US resident expats
STM Group has launched a US specific Malta QROPS for intermediaries and clients. This has been designed to interact with the Double Taxation Agreement in place between Malta and the US.
STM Group has designed a new US QROPS scheme which we are pleased to announce has been approved by the Malta Financial Services Authority and recognised by HMRC in the UK as a Qualifying Recognised Overseas Pension Scheme (QROPS). This follows on from STMís recent success in resolving the Gibraltar QROPS crisis, and utilising the Prudential International range of funds to offer a zero entry fee lite QROPS.
The US QROPS has been set up specifically with US residents in mind and has been designed to interact with the Double Taxation Agreement (DTA) that exists between Malta and the US which specifically deals with pension payments between the two countries in an efficient manner. When coupled with STMís commitment to no exit penalties (as with all STM QROPS) and free transfers between STM QROPS this provides a truly unique offering.
Whilst full details of the new scheme are being kept confidential for obvious reasons, it is STMís expertise on QROPS and the detailed knowledge of the US and Malta taxation system that has allowed STM to lead the way in providing a US QROPS solution.
Due to Maltaís EU status, a Malta QROPS also offers some unique advantages over other jurisdictions and is therefore a welcome addition to the STM Group multijurisdictional QROPS Wrap.
David Erhardt, STM Group Pensions Director commented, ďWe are delighted to be able to offer clients and intermediaries a US QROPS solution. We believe that this DTA (1 of 59 that Malta has in place) has allowed this to become possible. The importance of DTAs should not be underestimated especially in light of the recent HMRC proposed changes.Ē For a confidential discussion about your pension, please contact STM Group on the details below.Or visit www.stm-qrops.com/usa-qrops and download your free guide to US QROPS.
- Contact Information
- David Erhardt
- STM Group
- (350) 200 42686
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