The government of Gibraltar has announced a 10% increase in the maximum and minimum weekly social security contributions for both employers and employees. From 1 April 2017, the maximum and minimum amounts are as follows:
- Weekly maximum of GIP 36.50 for employers and GIP 27.50 for employees
- Weekly minimum of GIP 16.50 for employers and GIP 5.50 for employees
The social security contribution rate of 20% for employers and 10% for employees is unchanged.