Planning for Retirement? Consider Gibraltar

If you are one of the many Britons or European nationals looking to escape the increasingly higher taxes levied on business owners and wealthy private individuals, Gibraltar residency might be the best option for you. While Monaco, Switzerland, and similar destinations are an excellent choice for those with ultra-high net worth seeking a glamorous public life, Gibraltar has a lower bar for entry and is ideal for those seeking a higher level of discretion.

How We Can Help

One of the many reasons to engage Fiduciary Wealth to assist with your Gibraltar relocation plans is that we provide holistic advice regarding all of your financial planning needs. Of course, a major area of concern for many people involves retirement planning issues. Our knowledge and experience in the UK pensions market means that we can offer you the very best retirement planning solution to suit your individual circumstances.

We offer a "Free Gibraltar Tax Assessment" (worth £1000) to help you evaluate how much you can save by moving your business to Gibraltar. To schedule your free assessment, please email us at or phone us on +350 200 50982.

Gibraltar Pension Choices

On moving abroad, many expatriates simply leave their UK pensions in place. However, this can be a costly mistake. As Gibraltar does not have a double taxation agreement with the UK, any pension income may be subject to UK income tax. Additionally, any UK restrictions relating to pensions would apply indefinitely, along with the member payment charge on death. However, you do have alternatives when moving to Gibraltar.

Gibraltar QROPS

Under a 2006 UK law, it is possible to transfer the value of some UK pension rights to a Qualifying Recognised Overseas Pension Scheme (QROPS) that is approved by HMRC (Her Majesty's Revenue and Customs).

A QROPS offers a number of potential advantages to a Gibraltar tax resident:

  • After five complete and consecutive tax years as a non UK taxpayer, any member payment charge on death is lifted
  • No Gibraltar withholding tax on lump sum withdrawals of up to 30%
  • Income taken from the scheme is taxed at a flat rate of 2.5%

However, a transfer to a QROPS is not right for everyone. A thorough appraisal of your retirement planning needs must be completed to assess such factors as:

  • Type of ceding scheme
  • Any guaranteed benefits that might be lost
  • Your need to provide for dependents

Gibraltar QNUPS

QNUPS, Qualifying Non UK Pension Schemes, were created by the Inheritance Tax Regulations 2010 and can be a useful retirement planning tool particularly for those that remain UK domiciled. Many expats do not realise that they remain UK domiciled despite moving abroad and therefore their worldwide assets will be subject to a tax charge of 40% tax over and above the tax free threshold, this despite the fact that there is no IHT per se in Gibraltar. Long term it may possible to shake off UK domicile and benefit from the zero IHT tax regime in Gibraltar but in the medium term the UK liability will almost certainly continue to exist.

Any non pension assets can be invested in a QNUPS and the tax position for a Gibraltar resident will mirror those for QROPS, i.e. 30% of the fund can be withdrawn free of tax and income tax will be taxed at a flat rate of 2.5%. The potential IHT benefits need to be seen as a consequence of the QNUPS rather than the overriding factor for establishing the scheme. If the sole objective in establishing a scheme is IHT avoidance the member could well suffer a lifetime charge on the transfer into QNUPS and HMRC may well revisit this unforeseen additional benefit that QNUPS provides sooner rather than later.

Gibraltar Approved Pension Schemes

For those who establish a business in Gibraltar, or who work locally, a Gibraltar Approved Pension Scheme can be established to provide for retirement benefits. This type of pension allows for combined employer-employee contributions of up to 25% of the employee's remuneration. On retirement at age 60 or over, the member can take up to 100% of his or her benefits as a lump sum.

International Pensions

International Pension Schemes may be more suitable for those who only intend to reside in Gibraltar for a short period of time, or who intend to work in Gibraltar and establish residency in Spain. These schemes are fairly complicated, with many different options, and are best set up under the guidance of a professional.

Why Work With Us?

We are a boutique financial advisory and consulting practice that offers a single point of contact for all your Gibraltar residency needs. We can help ease the pain of moving abroad and help you begin your new life in the best possible way.

Here are additional reasons why clients choose to work with us:

  • Trust:
    We're affiliated to Gibraltar's oldest legal practice founded in 1892.
  • Expertise:
    We're the leading providers of tax optimized residency solutions for expatriates.
  • Highly Regulated:
    We operate from a highly regulated British financial centre with an FCA authorised office in central London.
  • Guarantee:
    Backed by our 365-day money-back guarantee, you will only pay 50% of our fees up front until your Gibraltar residency is confirmed.


When contemplating retirement to Gibraltar last year I was drawn to the Fiduciary Wealth Website which I found well laid out, easy to navigate and thoroughly informative. Having left my contact details I was contacted by Paul Correa within a very short time and soon set up a face to face meeting in which the benefits of such a move and path to residency were clearly explained. The process was expertly handled by Paul and his team, keeping me informed of the progress every step of the way and always available for additional consultation as necessary. The residency service was accompanied by comprehensive financial advice without any pressure. Tax planning experts were on hand for complex international tax issues and meetings arranged in short order. I have no hesitation in thoroughly recommending Paul and his team to make the residency process completely stress-free and provide a one-stop shop for comprehensive service for anyone contemplating the move to this delightful location.

Martin Hutchison

Fiduciary handled the residency application with efficiency and I was very pleased with the service I received.


In considering my residency options I visited the Gibraltar residency website of Fiduciary Wealth and subsequently contacted Andrew Hosking. The advice I received was second to none and Andrew and his team could not have been more helpful, fully explaining the process and making all the necessary arrangements to secure my residency certificate and assist with tax and ancillary matters relating to my move to Gibraltar.

Dennis Croft

Get Your Free Gibraltar Tax Assessment

If you are considering Gibraltar residency, we are happy to arrange a "Free Gibraltar Tax Assessment" (worth £1000) at no charge and with no obligation to you. During your assessment, we'll review your current situation and project your potential tax savings from Gibraltar residency.

To request your "Free Gibraltar Tax Assessment," email us at or call us on +350 200 50982.




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