An Alternative Option for Giblraltar Employers
The Gateway Personal Pension Scheme (Gateway Personal) is a personal pension scheme established under trust in Gibraltar. It is designed specifically for Gibraltar individuals who wish to contribute, or have their employer contribute, to a personal pension scheme for future retirement planning.
Gateway Personal Key Features:
- Flexible Pension Payments: No requirement to purchase an annuity, choice of retirement lump sum and income options
- Succession 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: Contributions can be made by an individual or their employer into Gateway Personal with tax relief available*
- Consolidation: Gateway Personal is a cost and tax efficient means of holding all pension arrangements under one roof
- Portability: A member’s Gateway Personal 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*For Gibraltar residents, tax relief on member contributions will be awarded as set out in the Income Tax (Allowances, Deductions And Exemptions) Rules, 1992.
Gateway Personal is approved by the Gibraltar Commissioner of Income Tax under the Income Tax Act 2019.
