Trireme Malta have finally released a tax efficient overseas pension vehicle for expatriate US Citizens.
The scheme allows for an uncapped amount of post-taxation money to be contributed and benefit from:
The scheme allows for an uncapped amount of post-taxation money to be contributed and benefit from:
- Tax free growth of funds prior to taking benefits
- Early drawing of pension benefits (compared with Individual Retirement Accounts (IRA's))
- 30% Tax free pension commencement lump sum
- No income tax on the contributed money when withdrawn as income
- Income tax only to be payable on funds from the growth
- Discretionary management of the pension scheme available
- Investment in overseas stocks, structured products, capital protection, mutual funds and much more
- Ability to name direct beneficiaries to receive succession annuities or lump sums on death with no estate tax due if the total estate is under US$5mn
- Reduced reporting requirements to the IRS
