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Retirement Pension Plan - Unit Linked

Invest in your future with a pension savings plan.

Put a little more aside for later

In retirement, we all look forward to enjoying a level of security that allows us to maintain our lifestyle and care for our loved ones. Whatever your goals, your state pension might not cover everything, so it could be a good idea to put some money into a separate plan.

Our Retirement Pension Plan - Unit Linked is a personal savings policy designed to supplement your state pension. You can use it to build up a pot of money that will then provide a regular income during your retirement.

Interested? Get in touch with our wealth management team to get started.

Why get a Retirement Pension Plan - Unit Linked?

Tax credits

Get a tax credit equal to 25% of your contributions - up to a maximum of €750 credit on €3,000 contribution1.

Tax-free withdrawal

Withdraw a lump sum of up to 30% of your plan value at the date of withdrawal, tax free in Malta2.

Flexible contributions

Make monthly, quarterly, half-yearly or annual contributions - whichever suits you.

Adaptable

React to market developments with the ability to switch between funds.

Discover more benefits

  • Broad range of funds
    Brings together a variety of global investment opportunities under one plan.
  • Choose your risk level
    Set your risk level then rest easy knowing our specialists will aim to keep your investments within it.
  • Cost effective
    Makes investing in global or local markets financially accessible3.
  • Family friendly
    Start a plan for your spouse or partner providing the tax credit eligibility criteria is met.

How it works

Connect with a financial adviser

Book an appointment with us to discuss your needs and ambitions.

Create a plan

We'll help create a plan that works for you and reflects your risk appetite.

Pay into your plan

Make regular or lump sum deposits equal to at least €720 a year.

Receive a regular retirement income

You can start benefiting from the plan between the ages of 61 and 70, provided it has been active for at least 10 years.

Who can apply?

To start a Retirement Pension Plan - Unit Linked, you need to be:

  • an HSBC customer 
  • between 18 and 60 years old
  • able to save at least €720 annually - that's €60 a month

Ready to get started?

To discuss our Retirement Pension Plan - Unit Linked, book an appointment with a member of our wealth management team.

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Additional information

  1. Subject to change. Based on 2022 assessment. 
  2. Tax information has been prepared on our understanding of current legislation, tax laws and Inland Revenue practice at time of publication. The applicable laws and legislation may change in the future. The Retirement Pension Plan - Unit Linked is recognised by the Commissioner for Inland Revenue as a Qualifying Pension Scheme under the Personal Retirement Scheme Rules (S.L. 123.163). The tax credit, which will be issued by the Inland Revenue Department, can be applied by an automatic deduction to the total tax amount payable or may be sent in the form of a cheque, depending on your type of employment. If you have any queries about the payment of the tax credit you should speak directly to the Inland Revenue Department or your tax advisor.
  3. For all information relating to cost and charges, read the Key Features Document (PDF, 291Kb) and the HLM Funds Key Information documents.

To take advantage of any of the tax benefits mentioned, you must meet the relevant tax eligibility criteria.

The Retirement Pension Plan - Unit Linked is manufactured by HSBC Life Assurance (Malta) Ltd. The Plan is distributed to investors in Malta through HSBC Bank Malta p.l.c.

Approved and issued by HSBC Bank Malta p.l.c, (116, Archbishop Street, Valletta VLT 1444). HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). HSBC is licensed to conduct investment services in terms of the Investment Services Act (Cap.370. of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act (Cap. 487 of the Laws of Malta).

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