COMPULSORY PENSION DEADLINE 1 July 2025

The Private Sector Pensions Act, came into force in August 2021 and made it compulsory that all employers in Gibraltar will be required to provide their employees access to a pension scheme by 1st July 2027. Starting with the largest employers first, the act staggered deadlines over the place of six years, and the next deadline is fast approaching.

• The Act applies to all employees who meet the following criteria:

• are over the age of 15;

• have been employed for one year or more; and

• have gross earnings from that employment of £10,000 or more per year.

If you are an employer and still searching for a pension plan for your staff, we are here to help. With tailor-made solutions, we can find the best product to match your business needs.

Contact us and speak to a financial advisor today.