International pension plans

When it comes to planning for retirement, individuals who are internationally mobile, as well as their employers, need access to reliable pension solutions. However, the task of choosing a suitable retirement plan can be overwhelming.

To address this issue, International Pension Plans (IPPs) were created as a versatile and efficient way to assist people living and working abroad in preparing for their retirement. These plans serve as a means of saving for the future while also supporting succession planning.

One of the primary advantages of an IPP is that it eliminates the challenge of managing multiple pension funds in various countries. This issue arises due to the differences in social and employment laws, restrictions on contributions, limited investment options, and fluctuations in local currency values.

We understand flexibility is key and therefore our IPP allows alterations of contribution levels, redirection of the investment of future contributions, change of allocation to existing holdings or switching existing investment holdings to new holdings.

The IPP’s built-in flexibility means it can be adapted to fit most needs. A wide variety of options are available as standard, which can be tailored to meet your specific requirements.

Baker Tilly Isle of Man Fiduciaries Limited is registered by the Isle of Man Financial Services Authority as a professional retirement benefits schemes administrator

The benefits of our international pension plans include: