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STM MALTA
OCCUPATIONAL RETIREMENT
PENSION SCHEME

REASONS WHY YOUR BUSINESS SHOULD PROVIDE AN OCCUPATIONAL PENSION


The advantages of providing a pension arrangement for your employees are far wider than simply helping them to achieve financial goals in retirement.

 
BENEFITS TO YOU

A valuable recruitment tool to distinguish you from your competitors
Improved employee engagement, motivation and productivity with a longer-term employer commitment that can reduce financial stress and wellbeing concerns
Potential corporate tax incentives in the form of declaration for tax purposes of up to Euro 3,000 per employee per annum, plus a further tax credit of up to Euro 750 per employee per annum
Greater retention and loyalty arising from a more paternalistic relationship
Tax benign environment for contributions and growth
Support and guidance from our specialist teams to make the most of the scheme

BENEFITS TO YOUR EMPLOYEES

Additional deferred remuneration from employer contributions
Value for money investment, with costs of administration supported by the employer
Better quality of life at retirement
Peace of mind from taking control of saving for the future and providing for family
A personal tax credit of up to Euro 750 per annum on personal contributions. A compounding investment based in a jurisdiction with no tax on growth, helping pension savings grow faster
Regular updates on how pension savings are performing to optimise financial planning
Flexibility to have an early retirement lump sum equivalent to 30% of the total value (Pension Commencement Lump Sum)
Potential to access funds in cases of ill health
Variety of choices at retirement including frequency of income payments
Easy maintenance with contributions paid automatically through payroll
Support and guidance from our specialist teams

WHAT IS THE
STM MALTA OCCUPATIONAL
RETIREMENT PENSION SCHEME

AND WHAT DOES IT OFFER?


The scheme is an occupational pension scheme established under a master trust for multiple employers and is licensed by the Malta Financial Services Authority (MFSA). The scheme is operated by STM Malta Pension Services Limited which acts as the scheme trustee and the Retirement Scheme Administrator.
The scheme supports you and your employees both during the saving phase and following the employee’s retirement.

 
CONTROL

You have control to tailor the scheme to meet your specific requirements such as:

• Which employees the scheme is available to
• Employee contribution rate(s) depending on your chosen factors such as seniority or length of service
• Employer contribution rate(s)
• Additional support in meeting administration costs
• Branding of literature to reinforce employee engagement

TIME SAVING

Save time by leaving the administration of the pension to us.

We provide a full-service administration of the scheme that will continue to evolve to ensure that regulatory standards and high levels of service are maintained throughout the life of the scheme.

Once contributions are processed and paid to the scheme from your payroll system, we manage the allocation of contributions to each employee’s pension account and invest funds accordingly.

Our team is dedicated to maximise your engagement with your employees and will provide you with literature and communications to get the best from the scheme

 

INVESTMENTS

We have carefully selected professionals to work alongside us, to provide the best outcomes to your employees. Employer’s contributions, together with those made by the employees, will be invested in a pool of a variety of assets that spread the risk of investing. We have taken professional advice from our appointed investment manager on the investment strategy which aims to balance growing employees’ pension and protecting their savings over time by the performance of the market. Our Employer Brochure will provide you with further details on our investment expertise, the investment profile, and responsible investing

WHY CHOOSE STM MALTA?

We are one of Malta’s biggest pension trustees and administrators, administering approximately €1.8 billion of client assets and employing over 50 staff.


We have considerable experience and expertise in our industry and approximately eight thousand clients currently benefiting from our services.
Recognised as a local service provider of choice by the awards we have won in Malta, we continue to uphold the high level of service and expertise that is bestowed to all our clients both internationally and locally.

Our Board ensures high quality governance standards are met and is focussed on delivering excellent customer service and value for money.

STM Malta Pension Services Limited is part of the STM Group Plc, a multi-jurisdictional financial services group listed on AIM, a market operated by the London Stock Exchange. The group offers a range of pension products to international clients and has two life assurance companies which provide annuities and life assurance bonds, showing strength and depth of experience and stability.



We currently employ
50 PROFESSIONALS
 


administer approximately
€1.8 BILLION ASSETS
 


and are part of
STM GROUP PLC
 

ONLINE RESOURCE

Textbox Section

MEMBER BOOKLET
 

TERMS AND CONDITIONS
 

EMPLOYER BROCHURE
 

FAQS
 

CONTACT US TODAY

Gerald Xuereb


Relationship Manager
STM Malta Pension Services Limited

+356 7943 3207
maltapensions@stmmalta.com

LinkedIn Profile

The content is for general information only and does not constitute investment, tax, legal, medical or other form of advice. You should not rely on this publication to make (or refrain from making) any investment decisions or recommendations. STM Malta Pension Services Limited (including any companies of STM Group of companies and the officers and employees thereof) cannot accept responsibility for any loss caused as a result of any action taken or refrained from being taken upon the contents of this publication.
The STM Malta Occupational Retirement Pension Scheme is licenced by the MFSA. The licencing of any Scheme by the MFSA does not imply an opinion from the MFSA regarding the suitability of the scheme for any individual.
The STM Malta Occupational Retirement Pension Scheme does not offer guaranteed benefits and the level of pension available on retirement will depend on the level of contributions and the performance of the underlying investments.

STM Malta Pension Services Limited (‘STM Malta’) is registered as a Retirement Scheme Administrator with the Malta Financial Services Authority. It is also authorised to act as trustee or co-trustee to provide fiduciary services in terms of the Trusts and Trustees Act. STM Malta Pension Services Limited is part of STM Group Plc, a multi-jurisdictional financial services group listed on AIM, a market operated by the London Stock Exchange.