pensions TRUSTEE & ADMINISTRATION
FINANCIAL ADVICE & WEALTH MANAGEMENT

We are European
Financial Planning Group

Professional Trustees, Pension Providers and Pension Administrators

  • Bespoke Pension Solutions
  • Professional Trustee Services
  • Established Pension Products
  • Pension Administration

International

Our Head Office is based in Gibraltar but we work with clients from all over the world.

We get results

Founded in 2004, EFPG is a well regarded and established company that has a proven track record.

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Pension Products

The

GOLD

The Gold Personal Pension Plan

The EFPG Gold Personal Pension Plan Scheme is a trust-based QNUPS 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.

  • Potentially protects funds transferred into the scheme from possible adverse changes to tax and pension legislation in the originating country.
  • No specified limits on the size of contributions into the scheme
  • Contributions can be lump sum or regular
  • Access to retirement benefits from age 55. Unless otherwise agreed with the trustee, commencement of income drawdown must be before age 75 or any other maximum age allowed by Gibraltar regulations
  • On death your nominated beneficiaries may receive the funds remaining in your scheme. This can be free of UK inheritance tax but is dependent on the beneficiary's personal circumstances.
  • There is no requirement to purchase an insurance annuity and various income options are available.
  • Depending on your country of tax residence potentially significantly lower rates of income tax payable on pension income.
  • Provides the opportunity to denominate your pension scheme benefits in an alternative currency
  • Quoted shares and other stock-market portfolios (unlisted stocks may be considered on a case by case basis)
  • Quoted fixed-interest securities and other bonds
  • Unit trusts, OEICs, UCITS, offshore funds and other pooled funds
  • Bank and building society accounts
  • Insurance bonds

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Pension Products

The

JUBILEE

The Jubilee Personal Pension Plan

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 Scheme is a Gibraltar tax approved personal pension plan scheme and as such is able to accept regular and single contributions from individuals with Gibraltar net relevant earnings subject, for tax relief purposes, to those contributions being made with the approval of, and within limits set by, the Commissioner of Income Tax in Gibraltar.
  • The minimum monthly contribution is £100. There is no set minimum single or lump sum contribution amount for the Scheme, and the minimum amount accepted by the Trustees will depend on individual circumstances. Acceptance is always at the sole discretion of the Trustees.
  • There is no upper limit on contributions made by individuals with Gibraltar net relevant earnings, although contributions allowable for tax relief must be within limits set by the Commissioner of Income Tax in Gibraltar. Otherwise there is no maximum allowable contribution amount, however contributions must, at the Trustees sole discretion, be deemed proportionate to the individual’s financial circumstances and pension provision.
  • Access to retirement benefits from age 55. Unless otherwise agreed with the trustee, commencement of income drawdown must be before age 75 or any other maximum age allowed by Gibraltar regulations
  • Pension benefits can be paid from age 55 in the form of: a lump sum payment; a regular income drawn directly from the fund subject to this being a maximum amount determined by the Trustees; a combination of the above or purchase of an annuity from an approved annuity provider.
  • On death, provided you have not purchased an annuity with your pension fund, the value of your fund will normally be paid as a lump sum to your rightful inheritors.
  • Stocks and shares listed on a recognised stock exchange.
  • Collective funds such as Authorised Unit Trusts, OEICS and other UCITS funds.
  • Investment Trusts
  • Deposits and other money market instruments.
  • Commercial property

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Pension Products

The

DIAMOND

The Diamond Personal Pension Plan

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.

  • Accepts transfers from existing UK registered and other approved pension schemes as long as their rules permit.
  • Protects funds transferred into the Scheme from possible adverse changes in tax and pension legislation in the originating country.
  • No specified limits on the size of transfers into the Scheme.
  • Access to retirement benefits from age 55. Unless otherwise agreed with the trustee commencement of income drawdown must be before age 75 or any other maximum age allowed by Gibraltar regulations.
  • Up to 30% Pension Commencement Lump Sum available, provided a lump sum has not already previously been withdrawn from transferred scheme benefits (25% for UK transfers where commencement starts before the member has been a non-UK tax resident for ten complete tax years).
  • On death, your nominated beneficiaries may receive the funds remaining in your Scheme. This can be free of UK Inheritance tax but it is dependent on beneficiary’s personal circumstances. Initial planning and tax advice is recommended and should be sought.
  • There is no requirement to purchase an insurance annuity and various income options are available.
  • Depending on your country of tax residence potentially significantly lower rates of income tax payable on pension income.
  • Provides the opportunity to consolidate previous separate pension rights into one efficient arrangement for the future.
  • Provides the opportunity to denominate your pension scheme benefits in an alternative currency applicable to your new country of residence.

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:

  • Quoted shares and other stock-market portfolios (unlisted stocks may be considered on a case by case basis)
  • Quoted fixed-interest securities and other bonds
  • Unit trusts, OEICs, offshore funds and other pooled funds
  • Bank and building society accounts
  • Insurance bonds

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Pension Products

Bespoke Group Personal

PENSION PLANS

Bespoke Group Personal Pension Plans

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.

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Pension Products

The

INTERNATIONAL GOLD

The International Gold Personal Pension Plan

The EFPG International Gold Retirement Plan is a contract-based QNUPS pension plan and therefore, is not governed by a trust. It is administered by EFPG and is a Qualifying Non-UK Pension Scheme designed to provide retirement benefits for its members.

  • Potential protection from possible adverse changes in tax and pension legislation in the originating country.
  • No specified limits on the size of contributions into the scheme
  • Significantly lower income tax on your pension income (depending on your country of tax residency)
  • Ultimate investment flexibility

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