2. » This booklet is published only as a basis for discussion between clients or potential clients, their professional advisers and
STM Group. The information herein is of a general nature and should not be treated as tax, legal or other advice. Every
client’s circumstances differ and you should take specific advice from a professional before acting.
‘STM LIFE’S INSURANCE SOLUTIONS
PROVIDE CLIENTS WITH A NUMBER
OF SIGNIFICANT ADVANTAGES IN THE
AREA OF ASSET PROTECTION, LOCAL
TAX AND ESTATE PLANNING TO
ENSURE THE OPTIMAL STRUCTURING
AND MANAGEMENT OF THEIR
WEALTH’
STM Life Assurance PCC Plc (STM Life) is a European
based life insurance company operating out of
Gibraltar’s highly regulated and long-established
financial centre. Established in 2008 and part of
STM Group (a company listed on the Alternative
Investment Market of the London Stock Exchange),
STM Life offers a broad range of product solutions
with a specific focus on:
»» ASSET AND INVESTOR PROTECTION
»» TAX OPTIMISATION
»» PRIVACY
»» INHERITANCE TAX PLANNING
»» FLEXIBILITY AND TRANSPARENCY
As a Protected Cell Company (PCC) working within
regulated EU jurisdiction, STM Life affords the
highest level of policyholder protection due to ring
fenced individual client accounts held by a regulated
EEA custodian.
3. WEALTH
STRUCTURING
FOR AFFLUENT AND
HIGH NET WORTH
CLIENTS
STM LIFE IS AN INNOVATIVE AND INDEPENDENT
WEALTH PLANNING SOLUTION PROVIDER
OFFERING BESPOKE PRODUCT SOLUTIONS
FOR AFFLUENT AND HIGH NET WORTH CLIENTS
WITHIN THE EU AND INTERNATIONALLY.
GIBRALTAR - MALTA - JERSEY - CYPRUS - SPAIN
4. STM Life is committed to offering clients only
life insurance solutions that are compliant
with local rules and regulations. The
insurance solutions provided by STM Life are
highly transparent and enjoy universal legal
recognition. Our products accommodate the
needs of clients who are seeking financial
planning instruments that are recognised and
hold no legal risk.
In a constantly changing economic climate it
is more important than ever to have a strategy
based on solid foundations that protects the
value of our clients assets. At STM Life we
understand the needs of our clients and we are
perfectly positioned to offer insurance solutions
tailored to their personal circumstances.
LIFE
INSURANCE
STM LIFE OFFERS CLIENTS A BROAD RANGE OF TAX EFFICIENT
PRODUCTS, GIVING INVESTORS A WORKABLE FRAMEWORK TO
MINIMISE THEIR TAX LIABILITY. DEPENDING ON THE JURISDICTION, A
LIFE INSURANCE SOLUTION FROM STM CAN BE PERFECTLY SUITED FOR
CLIENTS INVESTING TO GROW THEIR CAPITAL, LOOKING TO TAKE AN
IMMEDIATE OR FUTURE INCOME OR TO PROTECT THEIR FAMILY IN THE
EVENT OF DEATH.
5. Where funds are held in a UK compliant bond
from STM Life, investors won’t normally pay tax
on any growth. Instead, tax is paid when money
is taken out of the bond and will be based on
the circumstances of the investor at that time.
It is designed to help customers with a range of
needs including estate and retirement planning.
KEY BENEFITS OF A BOND FROM
STM LIFE INCLUDE:
»» Gross Roll-Up - the underlying portfolio gains
(other than withholding tax) are not subject to
tax at source
»» Control of Tax Point - you can choose when
to take benefits, for example when you are a
lower rate tax payer or no longer a UK resident
»» Time Apportionment Relief - if you are likely
to spend time living outside the UK then any
chargeable gain arising on the bond will be
reduced in proportion to the period of time
that you have been non-UK resident
»» Wide Range of Allowable Assets
»» Bond Assignment - assignments between
spouses and civil partners are generally exempt
from UK Inheritance Tax and therefore it may
be tax efficient to assign the bond to a spouse/
civil partner who is a non-taxpayer.
»» Inheritance Tax Planning - assigning a bond
into trust can allow the beneficiary to make
withdrawals or cash in the bond when the
trust is wound up. This could save tax as they
may be a basic or non-taxpayer.
STM Life offers three products which are all
traditional unit linked, whole of life assurance
contracts. The three bonds differ from each
other in terms of the diverse range of assets that
can be invested within each bond.
The STM Life Capital Bond Germany is a fully
German compliant single premium unit linked
investment bond that provides German tax
residents with significant tax advantages and
wealth structuring opportunities whilst resident
in Germany. The STM Life Capital Bond Germany
offers the best of both worlds. On one hand the
product solution provides all the tax benefits of
a German life policy solution and on the other
hand it offers the unique investment flexibility of
a Gibraltar regulated life company.
THE STM LIFE CAPITAL BOND
GERMANY KEY BENEFITS TO
EXPATRIATES AND LOCAL CLIENTS
CAN BE SUMMARISED AS
FOLLOWS:
»» Fully compliant German life product solution
»» Client individual policy cells ( no pooling of
client assets )
»» Statutory investor protection – client assets are
100% ringfenced from STM Life assets
»» Tax deferral regardless of chosen policy term
»» Tax free roll up of gains, dividends and interest
»» Tax free switching of funds and investment
strategies
»» Additional tax benefits after having reached
age 62, and 12 year policy term
»» Exclusive choice of underlying investments
»» Simple and efficient financial planning tool to
mitigate German IHT
»» Policy can be adjusted to changing
circumstances (e.g. moving away from
Germany)
»» Available both in English and German
language
UK SOLUTIONS GERMANY SOLUTIONS
As an EU product provider and part of a multi-jurisdictional group, STM Life understands the fiscal, legal
and cultural requirements of doing business in the markets in which we operate. We blend European and
global knowledge with local experience to provide highly personalised solutions to a client base whose
interests are often on a global basis.
STM life is currently able to passport its products into the following EU and EEA countries:
FINLAND - FRANCE - GERMANY - IRELAND - MALTA
NORWAY - SPAIN - SWEDEN - UNITED KINGDOM
INTERNATIONAL
6. THE GIBRALTAR FINANCIAL
SERVICES COMMISSION (FSC)
The Gibraltar FSC is the regulatory authority for
all financial services providers operating in and
from Gibraltar. All financial services providers,
both companies and individuals (including where
the latter act as directors of client companies),
are required to be licensed and subject to
inspection by the FSC.
The Gibraltar FSC has received a series of ringing
endorsements from international regulatory
bodies enabling Gibraltar to fulfil all international
and EU-wide directives with regard to financial
services and other matters such as money
laundering.
PCC LEGISLATION
STM Life is structured as a Protected Cell
Company (a “PCC”) subject to the provisions of
Gibraltar’s Protected Cell Companies Act 2001.
This means that STM Life may create legally
recognised “cells” within the company in order
to segregate and protect each Policyholder’s
assets. Each cell has its own designation
(the policy number) and it is the duty of the
Directors to keep the assets and liabilities of
each cell separate (and therefore accounted for
separately). The legislation prohibits the assets
of a cell to be used to satisfy any liability not
attributable to that cell. In the event that the
liabilities of a cell exceed the value of its assets,
the shortfall will be payable from the solvency
capital of STM Life.
GIBRALTAR OBSERVES HIGH STANDARDS OF SUPERVISIONS AND
FINANCIAL REGULATION AND IS THE ONLY BRITISH OVERSEAS TERRITORY
THAT IS A FULL MEMBER OF THE EUROPEAN UNION. GIBRALTAR
PROVIDES ACCESS TO THE EUROPEAN UNION'S FINANCIAL SERVICES
MARKETS AND OFFERS COMPANIES A COMPETITIVE LOW-TAX EUROPEAN
LOCATION.
GIBRALTAR
7. STM Life Assurance PCC Plc ("STM Life")
is a company incorporated in Gibraltar
under the provisions of the Gibraltar
Companies Act and whose registered
office is situated at Montagu Pavilion, 8-10
Queensway, Gibraltar, with incorporation
number 100244 and is licensed by
the Commissioner of Insurance under
the Insurance Companies Act (which
incorporates the provisions of the EU’s
Third Life Insurance Directive) to carry out
assurance business in Gibraltar. STM Life
meets the capital and solvency rules laid
down by the directive. The company is
subject to continuous regulation by the
Gibraltar Financial Services Commission.
STM GROUP strives to be the provider
of choice for cross-border investors,
entrepreneurs, expatriates and local clients.
Our objective is to ensure that client assets
are secure and their wealth preserved. Listed
on the AIM market of the London Stock
Exchange and with offices in Gibraltar,
Jersey, Malta, Cyprus and Spain the Group
has grown to become a leading pan-
European financial services provider.
ABOUT
8. www.stmlife.com
For further information on the services
that we provide please contact:
STM LIFE ASSURANCE PCC PLC
PO BOX 575,
MONTAGU PAVILION
8-10 QUEENSWAY, GIBRALTAR
TEL.: +(350) 70713
FAX: +(350) 74081
E-MAIL:INFO@STMLIFE.COM
WEBSITE: WWW.STMLIFE.COM
STM in Gibraltar is regulated by the Gibraltar Financial Services Commission
STM in Jersey is regulated by the Jersey Financial Services Commission
STM in Malta is regulated by the Malta Financial Services Authority
STM in Spain is regulated by the Director General de Seguros, Fondos y Pensiones
www.stmgroupplc.com
•
STM MALTA
TAGLIAFERRO BUSINESS
CENTRE
LEVEL 2, GAIETY LANE
C/W HIGH STREET
SLIEMA, SLM1549
MALTA
T +356 21 333 220
F +356 21 333 221
www.stmmalta.com
info@stmmalta.com
•
STM CYPRUS
MARIELLA HOUSE
SUITE 201,
2ND FLOOR
136 AYIOS FILAXEOS
LIMASSOL 3087,
CYPRUS
T +357 25336041
or +357 25336741
www.stmcyprus.com
info@stmcyprus.com
•
STM FIDUCIAIRE
3RD FLOOR, WINDWARD
HOUSE
LA ROUTE DE LA LIBERATION
ST HELIER
JERSEY JE2 3BQ
CHANNEL ISLANDS
t +44 (0)1534 837 600
f +44 (0) 1534 837 601
www.stmfiduciaire.je
info@stmfiduciaire.je
•
STM FIDECS
PO BOX 575
MONTAGU PAVILION
8-10
QUEENSWAY
GIBRALTAR
T +350 200 42686
F +350 200 42701
www.stmfidecs.gi
info@stmfidecs.gi
•
STM NUMMOS
EDIF. SOTOVILA,
PLAZA MAYOR
P. N. DE GUADIARO,
SOTOGRANDE
11311 CÁDIZ,
SPAIN
T +34 956 794 781
F +34 956 795 853
www.stmnummos.com
info@stmnummos.com
REGULATIONS: STM Group companies are regulated in the jurisdictions in which they operate.
