Explorer Retirement Scheme

The Explorer Retirement Scheme is a contract-based Personal Contribution Scheme designed to receive contributions from individuals to provide an attractive supplementary retirement scheme.

The benefits include:

  • No statutory limits on contributions
  • Long-term tax-free growth of the fund
  • A wide range of permissible investments
  • Flexibility regarding the timing and structuring of retirement benefits
  • No requirement to purchase an insurance annuity
  • No Inheritance Tax on entry, no 10-year charge, and exemption from Inheritance Tax upon the member’s death; and
  • Wide discretion over the distribution of the residual fund at death

The Explorer Retirement Scheme is ideal for those who may be, or are planning to become, resident in a jurisdiction which does not recognise trust-based pension schemes. It also offers added security over traditional trust-based schemes in safeguarding members’ assets.

The Explorer Retirement Scheme is a Retirement Scheme registered with the Malta Financial Services Authority (MFSA). The Scheme is administered by Trireme Pension Services (Malta) Limited which is authorised to act as a Retirement Scheme Administrator to Retirement Schemes registered under the Retirement Pensions Act 2011 (RPA) as may be amended from time to time.