Is Malta the best British retirement plan out there thanks to its sun, sea and 100% QROPS withdrawal?

If you are a British pensioner looking to enjoy a warmer retirement overseas, then you should perhaps consider the stunning Mediterranean island of Malta. Blessed with 300 days of sunshine a year and home to some of the world's most impressive prehistoric sights, Malta also offers some very advantageous options on withdrawals and investments.

Transfer Your Pension to Malta

The pensions reform has made it easier than ever for retiring UK citizens to transfer their pension overseas and the prospect of a 100% tax-free withdrawal on full savings has UK nationals flocking to the bank and out of country, with Malta fast becoming a popular retirement destination.

The Valletta harbour and skyline from a luxury Tigne Point penthouse, currently for sale.

The Valletta harbour and skyline from a luxury Tigne Point penthouse, currently for sale.

Malta, a Mediterranean Tax Haven

Malta has been repeatedly and widely featured as a tax haven for several very good reasons. A fixed, flat tax rate of 15% combined with no property tax and a tax legislation which favours investment are all playing a part in the foreign investment surge in Malta. Furthermore, Malta is a QROPS (Qualifying Recognised Overseas Pension Scheme) jurisdiction and perhaps the only compliant one able to offer 100% flexibility on full pension access.

This newly acquired flexibility with cash allows for investing in alternative assets that not only yield high returns, but can also be enjoyed by the owner as in most cases, this investment is highly likely to involve a property investment.

The Maltese Property Market

The recent increase in UK house prices is a contributing factor as to why investors are seeking to acquire real estate elsewhere.

Maltese property offers many attractions which include: the market's stability and constant overall growth year after year, an absence of property tax, and of course the fact that Malta offers an investment opportunity which features life in the sun as part of its returns.

Luxury apartment in Valletta, overlooking breathtaking town and sea views of Malta’s culturally and historically rich capital, currently available for sale.

Luxury apartment in Valletta, overlooking breathtaking town and sea views of Malta’s culturally and historically rich capital, currently available for sale.

Often overshadowed by investors and retirees favouring France, Spain or Italy, real estate in Malta is deemed to be relatively cheap compared to other prime European locations and as such, offers high value for money.

In the city of Valletta, the property market has very strong potential as it has only recently started gathering momentum, making now the optimal time to invest in a property in Malta’s capital.

Although contained in size, the island is does not suffer from a shortage of accommodation options. There truly is something to suit the needs and requirements of every lifestyle and the entry level prices are highly accessible.

The Appeal of the Mediterranean

Other than being economically attractive, Malta is capitvating in its own right. Enjoying a warm Mediterranean climate and ample sunshine year-round, it comes as no surprise that the Queen herself refers to the island as her second home. Malta’s historical and cultural richness add to its vibrant character and the local people are very warm, welcoming and as charming as the island itself.

Malta is truly captivating in its own right and it is not difficult to see why.

Malta is truly captivating in its own right and it is not difficult to see why.

As if that wasn't enough to convince you, the high level of safety, low crime rate, low unemployment (just under 6%), high quality health care services and a growing economy are all firmly on Malta’s long list of positive attributes.

Malta Sotheby’s International Realty

Malta Sotheby's International Realty, part of the Sotheby’s International Realty network, serves the high-end, luxury residential and commercial real estate market throughout the island of Malta & Gozo, representing properties of exceptional quality, unique characteristics and good value for money.

For more information on real estate opportunities within Malta, please send an e-mail to Malta Sotheby’s International Realty or alternatively contact them on +356 2010 8070.

The Sotheby’s International Realty network currently has over 17,000 sales associates located in approximately 800 offices in 61 countries and territories worldwide. Renowned for representing some of the finest homes in the world, you can search through their complete, global portfolio of listings on Homeadverts.

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