Start saving for your retirement in a Personal Pension Plan which offers you flexibility and investment choice, as well as receiving a tax rebate of up to €750.
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Start saving for your retirement from just €40 a month.
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You can apply for a tax rebate equal to 25% of the amount you save each year.
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Supplement your state pension when you retire to maintain your lifestyle when you stop working.
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If your circumstances change, you can change the amount you save, or take a break from saving altogether.
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Under current legislation, you can start taking your personal pension between ages 61 and 70, at which time you can choose to receive up to 30% of the fund as a tax-free lump sum, with the balance used to provide you with a regular income
WHAT ARE THE MAPFRE MSV LIFE PERSONAL PENSION PLANS?
They are long-term savings plans designed to build up a fund that will be converted into pension income when you retire. The Plans are considered to be Qualifying Personal Retirement Schemes, so you may qualify to receive a tax rebate based on the amounts you save.
WHAT AMOUNT OF TAX REBATE CAN I RECEIVE?
Under current legislation, you may receive the equivalent of 25% of the amount you save each year, up to a maximum of €750 if you are at least 18 years old, and are domiciled and/or tax resident in Malta. Tax rebates are also available if you make contributions on behalf of your spouse.
WHERE ARE MY PREMIUMS INVESTED?
We offer a wide and flexible choice of where you can invest your savings, from MAPFRE MSV’s With-Profits Fund to other funds managed by external professionals. The level of risk varies from one fund to the other, and the plan can be designed to reflect your personal investment objectives.
WHO CAN HAVE A PERSONAL PENSION PLAN?
Anyone domiciled and/or tax resident Malta who is at least 18 years old.
WHAT HAPPENS IF I DIE?
Apart from paying out the Pension benefit on the retirement date, the Plan also provides valuable life insurance cover. The Plan will pay 101% of the value of the policy to your estate or a designated beneficiary should you pass away before retirement.
ROCS Company Limited is an enrolled Tied Insurance Intermediary under the Insurance Distribution Act, Cap 487 of the Laws of Malta for MAPFRE MSV Life p.l.c.. MAPFRE MSV Life p.l.c.(C-15722) is authorized under the Insurance Business Act, Cap 403 of the Laws of Malta. Both entities are regulated by the MFSA. Rocs Company Limited is only authorized to sell Insurance Based Investment Products (‘IBIPs’) and no investment services are being provided.