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Retirement pension plan

Invest in your future with a wide-ranging pension savings plan

When we retire we all look forward to enjoying a level of financial security that allows us to maintain our current lifestyle and care for our loved ones. However, it's likely that your state pension might not provide enough for that. That's why having a separate pension plan and putting some money aside regularly is a good idea.

Our retirement pension plan is a personal savings policy designed for your retirement. It's a unit-linked life assurance plan that brings together a broad range of global investment opportunities under one roof in a tax-efficient manner.

The aim of the plan is to build up a sum of money which will be used to provide a tax-free sum when you retire (up to 30% of the sum) as well as a regular income to supplement your state pension. 


  • Investment with potential

    Our Retirement Pension Plan – Unit-Linked product is a Unit-Linked Life Assurance Plan that brings together a broad range of global investment opportunities under one roof.

  • Flexible contributions

    The Retirement Pension Plan is a long-term contract of insurance which accepts both regular and lump sum contributions. You can start benefiting from the plan 10 years from commencement date of the plan and not earlier than age 61.

  • Adaptable

    Switch between funds to react to market developments.

  • Cost effective

    Grow your savings by indirectly investing in global and local financial markets at a manageable cost. For all information relating to cost and charges, please read the Key Features (PDF, 156Kb) and the Key Information documents.

  • Tax efficient

    The Commissioner of Inland Revenue will issue you with a tax credit equal to 25% of your contribution up to a maximum of €750 or such other amount as may be prescribed from time to time. 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.

  • Family friendly

    You may commence a plan for your spouse/partner providing the tax credit eligibility criteria is met.

How it works

If you’re not sure about investing or which level of risk is appropriate for you, please seek financial advice.

An HSBC Financial Adviser or your Premier Relationship Manager can walk you through the process of selecting the underlying funds in a way that fits both your investment goals and the level of risk you are most comfortable with.

To find out about getting investment advice from HSBC, please visit our Wealth Management hub.

Are you eligible?

You can take out a Retirement Pension Plan if you are:

  • an HSBC Malta customer
  • between the ages of 18 and 60 years
  • willing to save at least €60 monthly, €180 quarterly, €360 half-yearly or €720 annually.   

Book an appointment

To find out more about our retirement pension plans, book an appointment for investment advice with a member of our financial planning team.

Important documents

Further details can be found in the product brochure (PDF, 152Kb).

For all information relating to cost and charges, please read the Key Features (PDF, 116Kb) and the Key Information documents. 

Risk Warnings

If you are not sure about investing in this product or which level of risk is appropriate for you, please seek financial advice.

The value of the investment can go down as well as up and capital is at risk. Past performance is not a guarantee for future performance.

Currency fluctuations may affect the value of the investment.

If you invest in this Product you may lose some or all of the money you invest.

This Product may be affected by changes in currency exchange rates.

Further information including the general risk factors of each underlying fund can be found in the prospectus, the Key Investor Information Document and most recent financial statements of each undelrying fund, which can be obtained through this website or upon request, free of charge, from HSBC Life Assurance (Malta) Ltd. or HSBC Bank Malta p.l.c.

This information is not to be construed as investment advice. It is important that you read this information in conjunction with the Brochure, Key Features Document, Policy Terms & Conditions, Proposal Form and the Policy Schedule.

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

HSBC Life Assurance (Malta) Ltd (Registered Office: 80, Mill Street, Qormi QRM 3101 Malta. Company No: C18814) is regulated and authorised by the MFSA (Malta Financial Services Authority, Notabile Road, BKR3000, Attard, Malta) to carry on long term business of insurance under the Insurance Business Act 1998. HSBC Bank Malta 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). (Registered Office: 116, Archbishop Street, Valletta VLT 1444. Company No: C3177).

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