Product overview

Our pension plans offer a range of solutions for clients wishing to plan for retirement. This can be achieved by making regular contributions to a new plan or, for clients with an existing UK frozen pension scheme, the ability to transfer and gain control of the pension pot.

Our regular contribution pension plans are offered through a British Virgin Islands Trust structure which provides asset protection, privacy and tax exemption on capital gains and estate planning advantages.

There are two main pension transfers options available. A Self Invested Pension Plan (SIPP) which is a UK Pension Scheme and a Recognised Overseas Pension Scheme (QROPS) which is an HM Revenue and Customs (HMRC) recognised pension transfer scheme based in a jurisdiction outside the UK which has equivalent standards to a UK pension.

Anyone who has ever been a member of a UK occupational pension scheme and now lives overseas, or is planning to leave the UK, can transfer their pension provisions into a SIPP or QROPS over which there is greater control and significantly improved benefits.

Key benefits of transferring a pension with PIMS

  • Consolidation of several UK pensions into one
  • Investment flexibility including private assets, offshore funds and stocks and bonds
  • Taking up to 30% of the pension fund as a tax-free lump sum
  • Possibility to allay UK income tax up to 45%
  • No inheritance tax liability after living outside the UK for five years
  • Avoid having to take an annuity
  • Pass on the pension to loved ones
  • Range of currency options

British expatriates are not the only people who can take advantage of these benefits. What is available can vary according to the country of residence, intended country of retirement, the scheme rules, marital status, how individuals and their beneficiaries take income/lump sums and how the tax rules work between the countries involved and the UK.  Individuals should obtain independent pension advice.

M1 Specialty Prime Principal Protection plans are medium to long-term, regular contribution plans providing access to Stock Market investing with a choice of minimum Principal Protected options at 10, 15, 20 or 25 year maturity dates.

  • A regular contribution plan offering a unique range of benefits
  • Principal Protection*
  • Annual returns linked to internationally recognised Stock Market indices
  • Selection of up to five equity indices for maximum diversification across the globe
  • Flexible premium payment methods: monthly, quarterly, half yearly, annually and the option to pay all plan contributions in advance
  • May be suitable for those saving for retirement
  • Plans can be denominated in USD, GBP or EUR
  • Loyalty bonuses* to help savings grow more quickly
  • Extra allocation bonuses to boost savings

* Subject to Terms and Conditions – please refer to the M1 Specialty Brochure

M1 Specialty Prime Flexible Plans are a medium to long-term regular contribution programme which offers potential for growth while allowing adjustment to the investments to maximise investment opportunities and plan for life’s changing needs.

  • Wide choice of global investment funds and EFTs allows flexibility to create a portfolio to match the risk profile
  • Access to leading fund managers
  • Online access with fund switching capability
  • Selection of up to five investment funds
  • Loyalty bonuses* to help savings grow more quickly
  • Extra allocation bonuses to boost savings
  • May be suitable for those saving for retirement
  • Low minimum investment
  • Flexible contributions

* Subject to terms and conditions, please refer to the M1 Speciality Brochure