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An Occupational Pension Scheme for Gibraltar.
A smarter workplace pension for Gibraltar employers.
Gateway Multi-Employer is an occupational pension scheme designed for Gibraltar employers who want to offer a valuable retirement benefit to their employees. Cost-effective and straightforward to operate, it provides a flexible pension solution that supports employee wellbeing while helping businesses attract and retain talent.
Established under trust in Gibraltar, the scheme is approved by the Gibraltar Income Tax Office and registered as an Occupational Pension Scheme under the IORP II regime with the Gibraltar Financial Services Commission. Employees benefit from tax-efficient retirement savings, investment choice and the ability to consolidate existing pension arrangements, regardless of their country of residence or tax status.
Everything employers and employees need in one scheme.
- Registered as an IORPS, meaning it is designed to meet EU requirements to be recognised as a company pension scheme, and be treated as such by EU tax offices for those resident outside Gibraltar.
- Flexible Pension Payments with no requirement to purchase an annuity and a choice of retirement lump sum and income options.
- Inheritance Planning, allowing any remaining fund on death to provide benefits to a spouse, dependant or nominated beneficiaries.
- Tax Efficient Accumulation with available tax relief for eligible members under Gibraltar tax rules.
- Consolidation of multiple pension arrangements into one cost and tax-efficient scheme.
- Portability, enabling members to transfer their pension fund to another arrangement, subject to approval by the Gibraltar Commissioner of Income Tax.
- Investment Choice across a range of risk tolerances and retirement objectives.
- Online Access, allowing members to review fund values and switch investments at any time.
A flexible pension solution built for Gibraltar businesses.
Gateway Multi-Employer removes much of the complexity and cost traditionally associated with running a workplace pension. By bringing administration, governance and member services together under one established scheme, employers can offer a valuable employee benefit without the burden of managing their own standalone arrangement. Employees gain flexibility, investment choice and portability, while employers benefit from a professional, well-governed pension solution that supports recruitment and long-term staff retention.
Frequently Asked Questions
Gateway Multi-Employer Pension Scheme (Gateway) is a cost effective, flexible and attractive retirement savings provision for Gibraltar employers to offer to their employees. Gateway is established under trust in Gibraltar, approved by the Gibraltar Income Tax Office and registered as an Occupational Pensions Scheme under the IORP II regime with the Gibraltar Financial Services Commission. Gateway is administered by Boal & Co Gibraltar, who are also the Trustees.
The Gibraltar Government’s ‘Private Sector Pensions Act 2019 (‘The Act’)’, makes it compulsory for all Gibraltar employers to provide employees with access to a workplace pension scheme. This came into force on 4 August 2021. The aim is to ensure every member of the Gibraltar work force is given the opportunity to participate in a company pension scheme and build some security for their retirement years. Consequently, all private sector employers must ensure a pension plan is in place for their employees.
Gateway is available to any Gibraltar based employer wishing to set up a cost-efficient pension scheme for its employees (both local resident and cross-frontier workers) to meet its legal requirements as required under the Private Sector Pensions Act 2019.
Gateway offers a range of investment funds. As Trustee, Boal & Co, alongside its Investment Committee, is responsible for the selection and management of the underlying assets available. For further information on the investment funds, see the Investment Options flyer. Boal & Co is not authorised to provide investment or financial advice. Should the member wish to receive formal advice regarding the pension fund, please consult a financial adviser.
Gateway is a Defined Contribution pension scheme, which means that the amount of benefits received by the member, in the form of retirement lump sum and pension, are entirely dependent on the amount of money paid into their Gateway fund (less charges) and the investment performance (which may be positive or negative). There are no guaranteed retirement benefits of any form. Download the brochure to understand the option available to a member upon retirement.
Talk to us about Gateway Multi-Employer.
Chat to our team to understand if Gateway Multi-Employer is right for your Gibraltar business.
Technical Sales Manager