International Pension Plan | Individual Case Study

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The Isle of Man international pension plan (IPP) proposition for individuals is a highly flexible option for those seeking to top-up existing local pension pots or build up a pension from scratch where no viable local option exists.  Take a look at the case study below to see how the Isle of Man solution can work:

Client Profile

  • Owner-director of a successful import/export business based in south Africa, mid-thirties with two young children
  • Has been accumulating a retirement annuity fund (South African tax-approved pension) up to the maximum tax-deductible limit for around 5 years
  • Has little time for leisure and lives comfortably rather than extravagantly which results in high levels of disposable income
  • Current plan to start reducing time in the business by early fifties with a full exit by early sixties
  • May even consider retiring overseas when children have completed their education
  • Concerned that current provision does not meet retirement objectives and feels a top is required

Why the adviser chose the Isle of Man

  • Quality of regulation and governance framework
  • Strong asset protection laws
  • Tax neutral
  • Highly reputable and sophisticated financial services jurisdiction on OECD white list

Benefits of an Isle of Man IPP

  • Flexible contribution options to match variable disposable income
  • Works efficiently within tax rules for South African residents
  • Portability of pension if choosing to expatriate
  • Flexible benefit payment options to suit retirement plans, paid gross
  • Cost competitive
  • Expertise of trustee and administration service provider
  • Access to best of breed international investment opportunities, thus reducing over-exposure to South African investments

Of course, this is just one scenario amongst a multitude.  Isle of Man IPPs have provided financial security for thousands of pension members over many decades across all types of financial planning needs.

The Isle of Man international pensions industry has been leading the way for many years and the facts demonstrate a strong, resilient sector with a powerful market presence. Find out more about the Isle of Man's International Pension Plans


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