The Private Pension Scheme is a long-term savings scheme designed to help you save for your retirement by building a pot of money to be invested which will provide you with an income throughout your retirement.

The Lifetime Scheme was launched in-line with recently introduced pension legislation which offers a tax incentive of up to €500 per annum for individuals who contribute €2000 towards their retirement. The Lifetime Private Pension Scheme is an approved Personal Retirement Scheme authorised by the MFSA.

Any information provided about taxation is based on our understanding of current law and legislation. Future changes in law and taxation, or your own financial circumstances, could affect the treatment of the plan and the amount of tax payable. In order to ascertain your exact tax status, you should seek specific and professional tax advice in relation to your tax obligations under the Lifetime Pension Schemes.

What does the scheme invest in? 

Contributions are initially invested through the portfolio services of Calamatta Cuschieri Investment Management Ltd., however, these will be diversified to avoid the accumulation of risks in the portfolio as a whole.  
 
Calamatta Cuschieri Investment Management Limited is licensed under Category 2 of the Investment Services Act by the MFSA.

Main benefits

TAX REBATE

For the calendar year 2021 the tax rebate will be equivalent to 25% with a maximum total of €750. This is on condition that you are at least 18 years old, and that you are domiciled and/or tax resident in Malta. You are also eligible to a Tax rebate when making contributions on behalf of your spouse.

Retirement

Choose to retire between the age of 50 and 75.

Retirement Income

Income will be paid from the fund.

Tax Efficient Solution

Enjoy tax free growth throughout the lifetime of your pension.

Low Cost

We offer solutions for the best price on the market.

SAVE

There is no limit on the amount that can be contributed to your private pension scheme, however we recommend that you only contribute the maximum allowance per annum to take advantage of the tax rebate that is applied to the scheme.

30% Tax Free Lump Sum

You will be eligible to take a 30% tax free lump sum, with the remaining balance providing yourself with an income throughout your retirement.

Management

Your pension pot will be managed conservatively by experienced professionals.

Beneficiaries

Pass on your pension pot to loved ones upon your death.

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