Products & services
Lifestyle Pension (Wrap) Account
The Lifestyle Pension (Wrap) Account is our core product for Isle of Man residents. It is a Self Invested Personal Pension (SIPP) written under trust. The default investment platform is single premium life assurance contract from a range of life companies, including IOMA Life.
We have designed the Lifestyle Pension (Wrap) Account to be one of the most flexible and secure products in its marketplace with an unrivalled array of investment opportunities. It is registered as a Qualifying Recognised Overseas Pension Scheme (‘QROPS’) with HM Revenue and Customs to enable it to receive benefits transferred from the UK.
Qualifying Recognised Overseas Pension Schemes (QROPS)
From 6th April 2006, the UK tax authorities have permitted UK pension rights to be transferred to a QROPS based in another jurisdiction, provided the QROPS
meets certain rules set out by Her Majesty's Revenue and Customs.
A QROPS may be used to receive transfer values from any UK registered pension scheme including Protected Rights funds. In some cases transfers can proceed even where you have started taking benefits from your UK pension scheme.
IOMA Pensions has two Isle of Man based QROPS products. For more information go
to the 'Our QROPS' section.
International Self Invested Personal Pension (SIPP)
Flexibility is a key requirement when it comes to retirement planning and there is nothing more flexible than the IOMA International Self Invested Personal Pension. The rules surrounding contributions, investment and taking of benefits allow for generous levels of personal control compared with most domestic regimes.
IOMA will create a bespoke pension trust that can be used to hold a wide variety of assets – from stocks and shares, to mutual funds, single premium bonds and even UK and overseas property.
International Pension Schemes
IOMA International schemes are specifically designed for globally mobile individuals looking for a truly international pension plan, or a global employer looking for a plan for overseas workers. We provide a bespoke solution to suit your specific needs and offer a well regulated and stable offshore financial location, specific pension legislation and favourable tax benefits.
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