After spending most of his career working in Ireland, David relocated permanently to Portugal in his early 50s. Having built occupational pensions worth approximately €400,000, he wanted clarity on how his retirement arrangements would support his long-term financial plans abroad.
A key concern for David was retirement flexibility. He did not want to be restricted to purchasing an annuity at retirement and preferred an approach that allowed greater flexibility around how retirement income could be accessed and managed over time.
One of our trusted advisers carried out a structured pension review to assess David’s Irish pensions, explore overseas transfer eligibility, and consider the tax implications of retirement planning between Ireland and Portugal. The review also looked at how David’s pension structure could better support flexibility, sustainability, and long-term income planning.
Following this review, GSB Capital recommended a pension trustee structure in Malta that aligned with David’s retirement goals and preference for flexibility. This approach allowed David to keep his pension invested in funds while creating greater flexibility around how and when he accessed retirement income. GSB Capital also supported David in selecting an investment strategy suited to his needs and structuring withdrawals in a tax-efficient way.
David now has greater confidence in his retirement strategy and a clearer understanding of how his pension supports his lifestyle in Portugal. With a structure designed around flexibility and long-term planning, he is better positioned to manage retirement on his terms.
