An Occupational Pension Scheme for Gibraltar
The Gateway Multi-Employer Pension Scheme (Gateway Multi-Employer) is a cost effective, flexible and attractive pension scheme for Gibraltar employers to offer to their employees.
For the employer, Gateway Multi-Employer is straightforward and cost effective to set up and run. It also provides tax efficiencies and supports recruitment and retention of a high-quality workforce.
For the employee, Gateway Multi-Employer provides tax efficient accumulation, investment choice and the option to consolidate existing pension plans, regardless of the employee’s country of residence or tax status.
Gateway Multi-Employer Key Features:
- Flexible Pension Payments: No requirement to purchase an annuity, choice of retirement lump sum and income options
- Inheritance Planning: Any remaining fund on death can be used to provide a pension for a spouse and/or dependant and/or can pay out as a lump sum to nominated beneficiaries
- Tax Efficient Accumulation*: Under the ‘Allowance Based System’ the member may be eligible for tax relief to a maximum of one sixth of their assessable income, under the ‘Gross Based System’ pension contributions up to a maximum of £1,500 per annum will attract tax relief
- Consolidation: Gateway Multi-Employer is a cost and tax efficient means of holding all pension arrangements under one roof
- Portability: A member’s Gateway fund can be transferred to another pension arrangement with ultimate approval sought from the Gibraltar Commissioner of Income Tax
- Investment Choice: A member can choose from investment options covering a range of risk tolerances
- Online Access: Members can view their latest fund value, review and switch their investments online at any time
*Employer contributions will not attract tax relief
Gateway Multi-Employer 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.
Testimonials for Gateway Multi-Employer
'Boal & Co. proved indispensable in guiding us through every step of setting up our company pension in Gibraltar. Their expertise and commitment made a complex process remarkably easy. Highly recommended for SMEs seeking seamless and tailored solutions.'
Vincent Carrié | Director | Purple, Gibraltar
'From the first contact, Erica demonstrated great professionalism...and ease in answering all the questions she was asked throughout the selection process, showing great knowledge of all the related aspects of the scheme.'
Vera Francisco Leiria | HR | Situs, Gibraltar
'We highly recommend Boal...Erica [and the team] helped us every step of the way...from providing details of Boal’s offering, advice on which type of scheme would best suit ...help with getting the scheme and set up approved by the Tax Office...and saw the process right through to conclusion...We are extremely grateful to Boal for their expertise, guidance and professionalism.'
Debbie Wood MCSI | Director & Family Office Manager | IADC, Gibraltar
