ITC International Pensions Limited

WHY SHOULD YOU TRANSFER TO THE ITC OCCUPATIONAL RETIREMENT SCHEME?

The ITC Occupational Retirement Scheme is compliant with the IORPS II Directive.

Occupational Pension Schemes in the EU benefit from the principles of free movement of capital and free provision of services.

The manner in which the EU achieves this is through Directive 2016/2341 which regulates the activities of all Institutions which avail of these freedoms in relation to Occupational Pensions.
This directive sets common standards, ensuring that pension fund members and beneficiaries are properly protected.

Additionally, the ITC Occupational Retirement Scheme meets HMRC’s ROPS conditions and can accept transfers from any UK-regulated pension scheme, and will follow QROPS rules on drawdown.

WHO SHOULD CONSIDER TRANSFERRING TO THE OCCUPATIONAL RETIREMENT SCHEME?

◾️Irish & EU nationals residing/working in Ireland

◾️Irish & EU nationals with existing Irish pensions, particularly occupational pensions

◾️Irish nationals with existing Irish pensions who are highly mobile with their employment

◾️Irish nationals considering retiring to another EU country

◾️British nationals residing/working in the UK, with the intention of retiring out of the UK

◾️British & EU nationals with existing UK-accumulated pensions

◾️Any EU national with an occupational pension

WHAT ARE THE BENEFITS OF TRANSFERRING YOUR PENSION TO THE ITC OCCUPATIONAL RETIREMENT SCHEME?

There are numerous benefits in transferring your pension to the ITC Occupational Retirement Scheme.

A few of these benefits are:

◾️Tax efficiency – Malta has over 70 Double Tax Treaties (DTT), for residents of countries that have a DTT with Malta

◾️No Overseas Transfer charge when transferring a UK accumulated pension to this scheme

◾️No Lifetime Allowance Limit (Ireland)

◾️Can nominate beneficiaries on your pension

◾️Pension pot is passed on to beneficiaries nominated upon death Inheritance Tax free

◾️The pension may be accessed at the age of 50

◾️The ability to take up to a 30% tax-free lump sum

◾️No tax to pay on assets within the scheme (with exception of immovable property in Malta)

◾️No Fund Cap

◾️Access to a wide range of investment opportunities

◾️Combining various smaller pensions into one large pot resulting in only one annual management fee as well as the opportunity to benefit from the economies of scale by combining investment

◾️Avoid ongoing currency exchange fees by investing in the same currency as the country you reside in or in any currency of your choice

Get in touch with us on [email protected] to find out more!

Welcome to the first edition of our newsletter!

We're excited to share with you some exciting updates and news from our company.

ITC International Pensions Ltd
NEW VACANCY

Administration Associate

An excellent opportunity has arisen within our international pensions company to form part of a highly skilled and experienced pension team in our fast-growing Malta office. This is a great opportunity for an individual to develop their knowledge in pensions and work within a dynamic environment.

The role involves all aspects of administration from on boarding members to being involved in investment specialisation.

You will provide a high level of support to meet the needs of all of our clients. You should possess excellent communication skills and the ability to work on your own initiative and under pressure within a busy environment. You should be fluent in English.

Remuneration is competitive and dependent on experience and qualifications.
If you are interested in this vacancy, please send your CV to [email protected].

Typical responsibilities:

• Carry out general pension administration duties such as checking KYC information, discharge forms, investment forms, dealing instructions.
• Issuing welcome packs and investment statements
• Preparing income, IFA and investment payment instructions, whilst adhering to internal procedures and deadline.
• Calculate income and lump sum payments adhering at all times to the rules of HMRC and the Retirement Pensions Act.
• Liaise with Investment Manager on complex investment structures and assist the Investment Manager with the Quarterly Assets Under Management (AUM) reporting.
• Liaise with Investment Companies, Ceding Pension Companies, IFA’s and Members.
• Ensure the conformance with turnaround times, policies and procedures in line with the license conditions and regulatory standards.
• Help Senior Management with ongoing and ad hoc reporting deadlines.
• Maintain good client relationships and provide a VIP customer service by answering the phone and emails in a polite and professional manner.
• General ad hoc administration tasks as and when required.
• Report to the Pensions Team Leader.

Requirements

• Pension, Fund or Insurance experience would be advantageous but not essential as full training is provided.
• Strong verbal and written communication skills (English).
• Good business writing skills.
• Be able to work on own initiative and manage multiple tasks.

✨ Celebrating the festive season at the office! 🎄 Grateful for a year of hard work, collaboration, and shared successes. Wishing everyone a joyous holiday season filled with laughter, warmth, and well-deserved relaxation. Cheers to a fantastic team! 🥂

ITC International Pensions Ltd
NEW VACANCY

Administration Associate

An excellent opportunity has arisen within our international pensions company to form part of a highly skilled and experienced pension team in our fast-growing Malta office. This is a great opportunity for an individual to develop their knowledge in pensions and work within a dynamic environment.

The role involves all aspects of administration from on-boarding members to being involved in investment specialization.

You will provide a high level of support to meet the needs of all of our clients. You should possess excellent communication skills and the ability to work on your own initiative and under pressure within a busy environment. You should be fluent in English.

Remuneration is competitive and dependent on experience and qualifications.

If you are interested in this vacancy, please send your CV to [email protected].

Typical responsibilities:
• Carry out general pension administration duties such as checking KYC information, discharge forms, investment forms, dealing instructions.
• Issuing welcome packs and investment statements
• Preparing income, IFA and investment payment instructions, whilst adhering to internal procedures and deadline.
• Calculate income and lump sum payments adhering at all times to the rules of HMRC and the Retirement Pensions Act.
• Liaise with Investment Manager on complex investment structures and assist the Investment Manager with the Quarterly Assets Under Management (AUM) reporting.
• Liaise with Investment Companies, Ceding Pension Companies, IFA’s and Members.
• Ensure the conformance with turnaround times, policies and procedures in line with the license conditions and regulatory standards.
• Help Senior Management with ongoing and ad hoc reporting deadlines.
• Maintain good client relationships and provide a VIP customer service by answering the phone and emails in a polite and professional manner.
• General ad hoc administration tasks as and when required.
• Report to the Pensions Team Leader.

Requirements
• Pension, Fund or Insurance experience would be advantageous but not essential as full training is provided.
• Strong verbal and written communication skills (English).
• Good business writing skills.
• Be able to work on own initiative and manage multiple tasks.

Wishing you a spook-tacular day at the office! 🎃👻

Treat your Staff Tuesdays at ITC International Pensions 🥯🥖

ITC International Pensions is proudly supporting National Breast Cancer Awareness Month this October.

We are providing delicious pink-themed goodies for our staff in honor of Pink October.

This is just a tiny way of reminding everyone that when we work together, we can change the world. Let's spread the word & help the cause. 🎗️