International Pensions

International Pensions

International Pensions

International Personal/Corporate Pensions

IPP/ICP

Equilibrium Pensions is able to provide international pension solutions across the globe. The locating jurisdiction of the pension is the Isle of Man which receives no taxable benefit from the assets held within the pension. There is no capital gains tax and no tax on benefit withdrawals. This is unique at present. Whilst there is no tax payable on benefit withdrawals there is also no tax relief on the contributions made.

Equilibrium Pensions has created two innovative offshore pension scheme products: ICP and IPP

Flexibility on Employer contribution levels
Flexibility on drawdown
Zero tax on benefit withdrawls
IHT advantages
The Pension assets can become part of the deceased Member’s estate.
There is no upper limit to the size of the scheme
There is considerable flexibility as to eligible assets/investments (in accordance with the Statement of Investment Principles)
The scheme will benefit from the gross roll up of assets
It is well regulated
It is simple in operation
The employee can decide where he/she is to retire without prejudicing his/her final retirement location, by choice of pension
The employee does not suffer additional tax charges beyond whatever is the norm in his choice of retirement country
Retirement age is not prescribed
The scheme is located in a Country with over 1,000 years of stable democratic Government, and may be in a currency of choice
The International Personal Pension “giving the individual control over the way in which the assets are invested, in the currency of choice (U.S. dollars)

The flexibility of International Pensions Schemes means that there are many different circumstances in which they can provide a solution to the needs of a corporation or individual. These include:

Global

Pension Schemes can be established for international companies whose workforces are in several jurisdictions and who wish to take advantage of the economies of scale and ability to have one pension scheme in one jurisdiction. Locating offshore pensions from many jurisdictions in one place, and for long periods by one well regarded and independent provider and administrator should lead to administrative cost savings, as well as providing stability.

SMEs

Pension Schemes for small companies who wish to establish a bespoke occupational pension scheme for one or more of their key executives with the ability to direct that any surplus fund after death can be directed into a trust or other similar arrangements.

Individuals

Pension Schemes for individuals who wish to establish a flexible bespoke pension in a well-regulated environment. There is no need for pension plans to follow the executive as he pursues his or her career in differing overseas localities for the same employer.

Equilibrium Pensions can provide legally robust structures in the form of pensions to safeguard hard earned assets for retirement.

International Pensions provided by Equilibrium Pensions give both the employer and the employee the ability to replace their existing pension arrangements with efficient and flexible structures, over which they have a degree of control (in investment matters), and which demonstrate transparency. These International Pensions enable the employer to obtain and retain staff, thereby incentivising its employees, who are content that arrangements are being made for their retirement.

Examples of Cases:

Case 1.


International Pensions


An international airline with its main office in the Middle East employing mainly expatriate pilots and other executive staff around the World who needed an offshore pension saving scheme denominated in US dollars. The International Corporate Pension solution was the perfect product. Providing, according to the client “flexibility, a complete absence of Isle of Man taxes on subsequent withdrawals, the gross roll up of assets, denominated in a currency of choice combined with a first class administration in a secure well-regulated environment”.

Let's start planning your pension. Call us on

01624 675955

Case 2.


International Pensions


An international school in Russia employing highly paid expatriate teachers who were sufficiently disenchanted with the performance of their existing schemes to wish to control the destiny of their own pension arrangements.

Solution: The International Personal Pension “giving the individual control over the way in which the assets are invested, in the currency of choice (U.S. dollars)

Let's start planning your pension. Call us on

01624 675955