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The EFPG Jubilee Personal Pension Plan Scheme is a local Gibraltar-based personal pension scheme which is administered by European Financial Planning Group Limited who also acts as the Scheme Trustees. It is a personal pension scheme which has the objective of providing retirement benefits for members. All assets within your personal pension plan are held under irrevocable trust for your exclusive benefit.
The EFPG Diamond Personal Pension Plan Scheme (the “Scheme”) is a trust based QROPS which is administered by European Financial Planning Group who also act as the Scheme trustee. It is a personal pension scheme which has the objective of providing retirement benefits for members.
Members or their nominated professional adviser can brief EFPG as to their investment preferences. The trustee must, however, always execute investments within the parameters of allowable investments, diversification and prudency as required by their regulators (the GFSC) and the Gibraltar Income Tax Office and in accordance with their duty of care. The final decision in respect to the permissibility and the overall weighting of investments within the Scheme rests with the trustee. EFPG does not accept responsibility for, or liability in respect of, the performance of any investments, or for liabilities associated with any investment.
The Gibraltar Tax Office may prohibit or impose restrictions and/or set conditions on certain types of investment. These include but are not limited to the following: the trustee must not engage in any transactions nor grant any loans from the Scheme to its members or connected persons. Scheme funds may be invested in residential property but only if it is in Gibraltar. Investments in unquoted shares must be subject to independent valuation, and all dealings must be at arms length and on commercial terms.
Examples of acceptable investments are:
In the near future it will be a requirement for all employers to provide pension benefits to their employees in Gibraltar.
Our Jubilee Personal Pension Plan is perfect for providing your employees with retirement benefits. The scheme is simple and cost-effective whilst and all the administration is overseen by EFPG.
Each employee who is eligible and opts to join the scheme will be set up with their own Jubilee Personal Pension Plan which the company will make contributions to on their behalf. If an employee leaves employment or retires we simply cancel the company direct debit, there are no transfers required.
To find out more about what we can offer you and your employees contact us now to speak with our advisers.