The UK and Gibraltar Social Security Agreement: What You Need to Know
The UK and Gibraltar Social Security Agreement has been in place since 2019 and aims to ensure that individuals who are subject to social security legislation in both the UK and Gibraltar are protected.
Under this agreement, individuals who work or reside in the UK and Gibraltar will be able to continue to pay into the social security system of their country of origin. This means that if you are an employee or self-employed in either country, you will only pay social security contributions in one country, rather than having to pay in both.
This agreement also covers healthcare, meaning that individuals who are covered by the UK National Health Service will continue to be eligible for free healthcare in Gibraltar, and vice versa.
This agreement is particularly important for those who work or live in Gibraltar, as the territory is not part of the EU, and therefore not covered by EU social security regulations. The agreement ensures that individuals who work or reside in Gibraltar have the same social security protections as those in the UK.
It is important to note that this agreement only covers social security, and not income tax. Individuals who work or reside in both the UK and Gibraltar will still need to pay tax in both countries under their respective tax laws.
If you are an individual who works or resides in both the UK and Gibraltar, it is important to familiarize yourself with the details of this agreement to ensure that you are protected and paying the correct social security contributions. You may also want to seek the advice of a financial advisor or tax expert to ensure that you are complying with all relevant laws and regulations.
Overall, the UK and Gibraltar Social Security Agreement provides important protections for individuals who work or reside in both countries, and ensures that they can continue to pay into their respective social security systems without facing unnecessary burdens.