Dominion is considered a leading expert in Regulated and Unregulated International Pension Plan Administration. Dominion has developed a range of sophisticated regulated pension solutions which are delivered through our offices in Malta.
Dominion Fiduciary Services (Malta) Limited was established in 2009, and is a fully authorised and regulated trust company which is also licensed as a retirement scheme administrator with the Malta Financial Services Authority. Dominion currently operates three regulated personal pension plans from Malta.
What sets Dominion apart is our in-house technical expertise and a shared commitment to promote the highest level of service, professional conduct and security both within our company and across the industry as a whole.
Our dedicated in-house team consists of UK and international tax and technical specialists who are on hand to consider with clients and their advisors the merits relating to international pensions on a case by case basis. We file directly with HMRC, IRS and many other country’s tax and regulatory authorities in respect of pension plans operated by the firm, giving clients and their advisors comfort that their Dominion pension arrangements are fully tax compliant.
Malta International Pensions – Retirement Plan 2010
A plan established outside the UK which satisfies conditions prescribed by (HMRC).
Dominion EU Retirement (US Qualified) Plan
Established in Malta and registered as a pension scheme with the Malta Financial Services Authority.
Malta International Pensions – The Third Dominion Malta Retirement Plan
A pension scheme established outside the UK which satisfies conditions prescribed by HMRC.
International Pension Plans (IPP)
International Pension Plans (IPPs) were devised as a way of providing tax efficient remuneration to mainly non-UK domiciled, globally mobile executives employed in the UK.
Delisted Pension Schemes: The Guernsey Dilemma
On the 29th September 2015, the States of Guernsey approved amendments to their income tax legislation to permit pension schemes delisted by HMRC to provide retirement benefits in accordance with the provisions of the laws of the place in which the transferor scheme is situated.
Consideration for Gibraltar Pension Schemes
Schemes in Gibraltar do not provide flexi-access drawdowns as an option for retirement.
Issues for Defined Benefit Scheme Members
Defined Benefit schemes have traditionally been the main source of non-state pension provision in the UK, supported by generous employer funding.
Lifetime Allowance Planning
The Lifetime Allowance (“LTA”) is a limit set by the Government in relation to UK tax relieved savings which can accrue in a UK registered pension scheme (RPS) over an individual’s lifetime.
Planning for Foreign Domiciliaries Resident in the UK and Filing on the Remittance Basis
It is not unusual for foreign domiciliaries living in the UK to have established large private retirement funds in respect of their UK employment or self-employment.
Pension Transfers using Malta International Pensions
Simpler overseas pension transfers became available when legislation was introduced by the UK Government on ‘A day’ (6 April 2006) as part of a number of measures intended to simplify tax rules relating to pensions.
UK Residential Property Purchase by Non UK Residents
Historically it was common practice for non UK residents to own UK residential property via a non-UK Trust and company structure which provided the advantage of being tax free after the additional Stamp Duty Land Tax paid on acquisition.
Maltese Retirement Schemes for UK Residents and Non-Resident, UK Domiciled Individuals
Following the restriction of UK tax relief on annual pension contributions to £40,000 from 6 April 2014 and the reduction of the lifetime allowance to £1m from 6 April 2016 the ability to save for retirement through a UK Registered Pension Scheme has been greatly restricted.
US Tax Payers Resident in the UK
The United States of America is the only developed country which requires its citizens to pay income taxes when they live outside the US.
US Tax Payers Resident Outside the US
Non-resident US taxpayers who are living and working overseas face a number of different challenges.