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.

Key features and benefits

• 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.

Allowable investments

Subject to trustee approval, the scheme may typically invest in:

• 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

This page is a summary only and does not constitute financial, tax or legal advice. Full terms are set out in the scheme rules and particulars, which are available on request. Tax treatment depends on your individual circumstances and may change in future.