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STM Malta
History of STM Malta
STM Malta Pension Services Limited (‘STM Malta’) was established in 2010 and is a leading provider of international pension solutions.
In 2021, the company changed its name from STM Malta Trust and Company Management Limited to STM Malta Pension Services Limited, reflecting a clearer alignment to its core pension services and strategic direction.
Since its establishment, STM Malta has been part of STM Group Plc, a cross-border financial services group traded on AIM, a market operated by the London Stock Exchange (‘LSE’). In October 2024, STM Group Plc — including STM Malta — was acquired by Jambo SRC Limited and now forms part of the Global Pension Corporation (‘GPC’).
STM Malta is the largest personal pension provider in Malta. It administers seven different personal pension schemes with different objectives and services approximately 6,500 clients located all around the world.
STM Malta is authorised to act as a Retirement Scheme Administrator under The Retirement Pensions Act and is subject to ongoing regulation by the Malta Financial Services Authority (‘MFSA’).
Working with Financial Advisers
STM Malta is a non-advisory business. This means we do not provide financial, tax, or legal advice. All our pension products are distributed via financial advisers and intermediaries.
We work closely with a wide network of International financial advisers who recommend our Qualifying Recognised Overseas Pension Schemes (‘QROPS’) and Qualifying Non-UK Pension Schemes (‘QNUPS’) solutions to clients looking to transfer UK pensions or make international retirement savings.
Our dedicated onboarding and intermediary relations teams provide ongoing support to financial advisers throughout the product lifecycle — from new business enquiries and pension transfers, to benefit crystallisation and retirement planning. We also offer tailored guidance on how to maximise the opportunities that Malta’s pension framework offers to UK expatriates and internationally mobile clients.
Our Unique Advantage
Tailored Solutions for EU and non-EU Residents
We provide a complete pension transfer solution for both EU and non-EU residents, delivering flexibility and robust governance across our suite of personal pension schemes. Our pension options are designed to meet the needs of expatriates and globally mobile individuals with complex financial and retirement planning needs.
Over 70 Double Taxation Agreements
Malta has signed more than 70 double taxation agreements with countries including Australia, the USA, and much of Europe. Clients residing in treaty countries are often able to receive their pensions without the deduction of withholding tax — creating significant tax efficiency for cross-border retirement planning.
No VAT on Trustee Services
Trustee services in Malta are exempt from VAT. This provides a clear financial benefit for clients and advisers when compared to other jurisdictions where VAT may be chargeable on administration or trustee fees.
Why Malta?
Malta is a full member of the European Union, the Eurozone, and the Commonwealth. It has a robust and modern legal framework that combines both civil and common law traditions. The MFSA oversees the financial services sector and maintains a reputation for high regulatory standards and transparency.
As a jurisdiction, Malta is internationally recognised for its excellence in financial services. It offers a stable, tax-efficient base for internationally mobile clients and provides a wide range of efficient structuring opportunities. Its extensive treaty network and EU-compliance make it an ideal location for long-term pension planning.
For UK pension transfers, a pension commencement lump sum of up to 25% can be taken from age 55. For other arrangements, the minimum retirement age is 50 years, and the commencement lump sum is 30%. Further information can be obtained upon request.
Our products
We administer seven distinct personal pension schemes with varying objectives, tailored to suit a broad range of client needs and jurisdictions.
QROPS and QNUPS, both of which are highly regulated and supported by a team of specialists in pensions administration, compliance, and investments.
Our QROPS solutions are designed for individuals with UK pensions who are planning to retire overseas. These schemes offer flexible benefit options and can help mitigate UK inheritance tax exposure and other tax considerations. QNUPS, on the other hand, are ideal for individuals seeking to build additional retirement savings in a tax-efficient international wrapper.
Our pension products can accommodate a wide variety of assets and allow for flexible investment management. Each client’s funds are held in scheme-specific bank accounts with full segregation and daily reconciliation for enhanced protection and transparency.
Further information can be obtained upon request.
