If you wish to set up an international retirement plan for your employees, please contact InterRetire.
Alternatively, InterRetire can provide a referral to professional advisors through out the world, familiar with the InterRetire Employer Retirement Plan.
An international InterRetire Employer Plan can be set up for one key senior international executive or for employers with a workforce in multiple countries.
An International retirement plan for international employees
A comprehensive employee benefits package is an important part in the recruitment and retention of key personnel especially spending much of their working life overseas as expatriates or third party nationals.
Employers want to ensure the welfare of their employees is protected wherever they work. At the same ensure employees working overseas enjoy similar benefits to employees working in their home country.
The InterRetire Plan provides international employers with a flexible, secure, accessible and portable plan where ever the employee may be based.
An InterRetire corporate plan can be set up in Guernsey, Channel Islands or Hong Kong depending upon the location and needs of a company’s international work force.
Key Features:
InterRetire offers companies and groups an international retirement benefits solution.
- Reduction in Your Workload and Rewards for Your Employees
- Economies of Scale
- Potential Tax Efficiencies
- Portability and Flexibility
- Dedicated Client Services Manager
- Recruitment Incentives
- Online Access for You and Your Employees
- Investment Links
- Competitive, Transparent Fees
- Security
- Investment Links
Reduction in Your Workload and Rewards for Your Employees
As an international employer, you will recognise the challenges and problems that may be encountered providing retirement benefits to your international executives.
InterRetire is a retirement solution which will assist you with these challenges and problems.
InterRetire provides you with an easily implemented and cost effective means of providing your employees with an attractive, flexible and potentially tax efficient retirement benefits plan.
Looking after your retirement fund in-house can be costly, time consuming and administratively complex.
It is your responsibility as an employer, but as it is not your main business it may result in additional administration and responsibility. You can avoid the complexities, responsibilities and potential liabilities of a retirement scheme administered in-house by setting up an InterRetire employer pension plan.
The InterRetire employer retirement plan relieves you of the trustee and administrative burdens involved in offering your employees a retirement plan. It also provides your employees with a broad range of investment choices and online access, making their personal account easier to manage themselves.
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Economies of Scale
InterRetire can offer your company economies of scale. This is in terms of the fees and charges for running an international retirement plan for your employees and also in regard to the investment charges for using the underlying funds within InterRetire.
TopPotential Tax Efficiencies
In a number of jurisdictions, tax incentives may be available to both you and your employees, providing an additional financial incentive to establish an offshore retirement scheme.
InterRetire is based in both Hong Kong and Guernsey, Channel Islands.
The InterRetire trust itself is not subject to Hong Kong or Guernsey income tax or capital gains tax.
TopPortability and Flexibility
Your InterRetire employer retirement plan will allow you to contribute on behalf of your employees (subject to local legislation and Trustee approval) from anywhere in the world.
InterRetire is an ideal alternative to either local or multinational pooling schemes.
As InterRetire is global, you can continue to contribute on behalf of your employees if they are regularly moving between countries.
TopDedicated Client Services Manager
You will be allocated a dedicated Client Services Manager when you open your InterRetire employer retirement plan who will work with you to co-ordinate services to you and your employees. This will ensure that your payroll manager will have a dedicated contact for any day-to-day queries. This dedicated Client Services Manager will ensure personalised service and that your needs are recognised and met.
TopRecruitment Incentives
An international retirement solution represents a key component of an executive’s overall remuneration package and therefore if you provide a retirement plan, it can assist you in the recruitment, retention and motivation of key executives.
There is certain flexibility in the InterRetire product for you to make decisions as to how you wish to structure your company plan.
TopOnline Access for You and Your Employees
Once your InterRetire employer pension plan has been established, each of your employees will receive an account number and password to enable him or her to access their personal records and investment portfolio online.
You can also nominate company representatives to receive an account number and password, allowing them administration access. This will allow them to access all your employees’ records from one central place.
Learn more accessing the employee or the company online tutorial and demo.
TopInvestment Links
InterRetire offers links to wholesale investments funds, global discretionary investment managers and Private Banks.
You choose from a selection of investment funds that you wish to use for your InterRetire employer pension plan.
You can decide the investment choice that has to be used for all employees or you can allow flexibility and simply leave your employees to decide their own investment strategy.
TopCompetitive, Transparent Fees
As your InterRetire employer retirement plan legal document in both Hong Kong and the Channel Islands has been established, the set up of your new retirement plan does not require legal documentation to be written and a new structure to be put in place.
InterRetire is very cost effective compared to the costs of implementing a personalised company plan.
TopSecurity
Hong Kong
Trustee: Bank Consortium Trust Company Limited
18/F Cosco Tower, 183 Queen's Road Central, Hong Kong.
Bank Consortium Trust is a company incorporated in Hong Kong and registered as a trust company under the Trustee Ordinance in Hong Kong . It is a wholly owned subsidiary of Bank Consortium Holding Limited, owned by eight Hong Kong Financial Institutions. (www.bcthk.com).
Regulatory Environment
The Regulatory Authority responsible for regulation of Hong Kong based retirement benefit plans is the Mandatory Provident Fund Schemes Authority “ MPFA” (As the Registrar of the Occupational Retirement Schemes)
Refer MPFA web site www.mpfa.org.hk for more details.
Channel Islands
Trustee: Carey Pensions and Benefits Limited
Registered in Guernsey under Registration Number: 39935
www.careygroup.gg
The Trustee is a wholly owned subsidiary of Carey Administration Limited which is owned by Carey Holdings Limited which in turn is owned by some of the Guernsey partners of the law firm of Carey Olsen the largest law firm in the Channel Islands.
Headquartered in Guernsey where the Group is licensed and regulated by the Guernsey Financial Services Commission it has operations in Alderney, Monaco, Zurich, Luxembourg, Geneva and Cyprus
Regulator Environment
The Trustee of InterRetire Channel Islands,, Carey Pensions and Benefits Limited, is regulated by the Guernsey Financial Services Commission pursuant to the Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000.
Refer to the Guernsey Financial Services Commission web site for more details.
Singapore
Singapore is well established as an international financial centre with excellent professional infrastructure.
Singapore, with its strategic location is considered a gateway to key markets such as India, China and Indonesia. In addition, a low tax environment, an effective regulatory framework and independent legislature provide an ideal location for international retirement trust.
Regulator Environment
The Regulatory Authority responsible for regulation of Singapore based Trust companies such EFG Trust Company (Singapore) Limited is the Monetary Authority of Singapore “MAS”.
MAS functions include
- To act as the central bank of Singapore, including the conduct of monetary policy, the issuance of currency, the oversight of payment systems and serving as banker to and financial agent of the Government
- To conduct integrated supervision of financial services and financial stability surveillance
Learn more about the EFG Group of companies at www.efginternational.com
Refer to the MAS website for more details on the Singapore Trustee regulatory environment.
TopInvestment Links
InterRetire offers links to wholesale investments funds, global discretionary investment managers and Private Banks.
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