With a triple ‘A’ sovereign rating from Moody’s and an AA+ from Standard & Poor’s, Isle of Man QROPS are stable, low tax options in a globally acclaimed finance hub.
The island has also established an Insurance and Pensions Authority to regulate QROPS – cementing its stability for pension transfers and highlighting its growing stature as a destination for QROPS.
- Low 7.5% tax on fund after death – meaning most of your fund will be able to be passed onto your loved ones.
- 25% lump sum upon transfer (with zero taxation due to the Income Tax Act).
- Ability to take your pension from age 55, or even sooner in cases of ill health.
- 0% tax on funds where a double taxation treaty applies (and a low 20% rate if one does not).
Contact one of our advisors to learn whether an Isle of Man QROPS is right for you.