In recent years the Malta Government has introduced tax incentives to encourage individuals in work to save for retirement through a pension scheme. With the focus now on both personal and occupational retirement pension schemes, employers of choice are using the tax incentives on offer to them to maximise employee benefits, at a considerably less increase to company expenses.
Reasons why your business should provide an occupational pension:
The advantages of providing a pension arrangement for your employees are far wider than simply helping them to achieve financial goals in retirement.
Benefits to you as the Employer
Benefits to your Employees
What is the STM Malta Occupational Retirement Pension Scheme and what does it offer?
The scheme is an occupational pension scheme established under a master trust for multiple employers and is licensed by the Malta Financial Services Authority (MFSA). The scheme is operated by STM Malta Pension Services Limited which acts as the scheme trustee and the Retirement Scheme Administrator.
The scheme supports you and your employees both during the saving phase and following the employee’s retirement.
You have control to tailor the scheme to meet your specific requirements such as:
Leave it to the professionals. Save time by leaving the administration of the pension to us. We provide a full-service administration of the scheme that will continue to evolve to ensure that regulatory standards and high levels of service are maintained throughout the life of the scheme.
Once contributions are processed and paid to the scheme from your payroll system, we manage the allocation of contributions to each employee’s pension account and invest funds accordingly.
Our team is dedicated to maximising your engagement with your employees and will provide you with literature and communications to get the best from the scheme.
STM Malta Pension Services Limited is an award-winning pension provider in Malta. Established in 2010, we are the major Pension Administrator in Malta, and form part of STM Group PLC, a multi-jurisdictional financial services group. With over a workforce of 50 pension professionals at our office, we handle over 8,000 customers and administer approximately Stg 1.6 billion in assets. Our expertise in Pensions Administration locally and internationally positions us, at the forefront of any competitors. We put our customers at the heart of everything we do and strive to provide excellent customer outcomes.
STM Malta Pension Services Limited provides a retirement saving solution for employers that is simple to set up and use, great value for money and delivers excellent support to employers who want to invest in a long-term relationship with employees and benefit from the loyalty and commitment that this brings to your business.
For a no-obligation appointment and to learn more, please contact our Relationship Manager for Occupational Pension Schemes, Gerald Xuereb on 7943 3207 or email us at firstname.lastname@example.org
STM Malta Pension Services Limited is registered as a Retirement Scheme Administrator with the Malta Financial Services Authority (MFSA). The STM Malta Occupational Retirement Pension Scheme is licenced by the MFSA. The licencing of any Scheme by the MFSA does not imply an opinion from the MFSA regarding the suitability of the scheme for any individual. The STM Malta Occupational Retirement Pension Scheme does not offer guaranteed benefits and the level of pension available on retirement will depend on the level of contributions and the performance of the underlying investments.
The various authorities need to urgently devise a well-articulated plan for the Maltese capital market
PPAs can drive decarbonization efforts to help states and companies meet their climate goals