Prosperity

At Altarius Capital we provide you with all the investment tools and knowledge so you can start planning for the future.

Prosperity is a simple, flexible and tax-efficient way to save for your retirement.

The Government of Gibraltar is promoting a new law to bring private sector pensions in line with the public sector.

Companies must provide and contribute to a private pension plan for employees who have been with them for more than 12 months and earn more than £10,000 gross per year. Companies are required to pay 2% of the gross salary.

The employee must contribute at least the same amount as the company, with a minimum of 2% for each party. As advisers, we recommend between 3% and 5% for each party: employers will otherwise tend to contribute only the 2% minimum.

Your contributions should depend on your age and the years left until retirement to sustain the same standard of living. The less time to retirement, the more you should consider saving.

Contributing to a private pension scheme has important tax advantages for the employee. The scheme must be approved by the HM Government of Gibraltar Tax Office. An employee who does not intend to join a pension scheme must sign a document exempting the company from the obligation.

Employee loyalty and compliance with regulations. Contributions are accounted for as an expense and are tax deductible.

The trustee and your investment managers are based in Gibraltar, and the entire pension structure is regulated in Gibraltar by the FSC. ABACUS, established in Gibraltar since 1974, act as trustees.

You meet your investment manager annually for progress reports. Management is active rather than passive, seeking consistent long-term returns with a low correlation to financial markets.