Global Daily Tax News, Gibraltar Updates Social Security Contribution Caps, (Jun 17, 2025)

Gibraltar has enacted the Social Security (Insurance) Act (Amendment of Contributions) Order 2025.

The Order revises the social security contributions due with effect from July 1, 2025.

For employed persons, required to contribute 10 percent of earnings, the Order prescribes that contributions payable annually are subject to a minimum of GBP745.29 and a maximum of GBP2,121.21 per year. For contributions required weekly, the minimum is GBP14.33 per week and the maximum GBP40.79 per week.

For employers, required to contribute 18 percent of earnings, the Order prescribes that contributions payable annually are subject to a minimum of GBP1,662.57 and a maximum of GBP2,923.83 per year. Contributions payable weekly are subject to a minimum of GBP31.97 per week and a maximum of GBP56.22 per week.

The rate for self-employed persons is 20 percent, with the maximum contribution set at GBP2,784.60 per year. Contributions are payable weekly, subject to a minimum of GBP30.45 per week and a maximum of GBP53.55 per week.