Tax & Pensions

The Retirement Pension Scheme is a compulsory system of state (social security) pensions which provides a minimum level, or first tier, of income in retirement for contributors.


Who must contribute?

If you are between the age of 17 and your Age of Retirement, resident in the Falkland Islands and earning in excess of the weekly earnings limit (£263.20 per week for 2018, £266.80 per week for 2019) you are liable to make weekly contributions to the scheme.


The current contribution rate is £31.50 per week during 2018 (£33.50 during 2019). For those in employment 50% is paid by the employer and 50% by the employee by salary deduction. Self-employed individuals are liable for the full weekly contribution.


Contributions Credits

In certain circumstances you may apply to the Retirement Pensions Board of Management to receive Contribution Credits. If approved, the Falkland Islands Government will pay for your contributions for the period requested.


You may apply for Contribution Credits if your total earnings are less than £263.20 per week during 2018 (£266.80 during 2019); and one of the following criteria is applicable: 

·     You are in receipt of Family allowance;

·     You are looking after a person who is in receipt of an Attendance Allowance; 

·     You are unemployed due to ill health; 

·     You are unemployed but actively seeking employment; or, 

·     You are following a course of prescribed education or training and are 21 or over.


In the event that you do not qualify for Contribution Credits you can choose to contribute voluntarily, although you are under no liability to do so if your earnings are below the weekly threshold.


To request a Contributions Credit Form please call the Pensions Office on 28416/28417 or email


How do I register?

If you are a current contributor, you are already registered. Employers are responsible for registering new employees if they are not already registered. New self-employed persons and voluntary contributors will need to register themselves by contacting the Pensions Office on 28416/28417.


Your employer’s responsibilities

Your employer is required to register you for a pension, and to pay weekly employer contributions. Your employer is also required to deduct your weekly contributions from your salary and submit payment for both contributions to the Treasury on a monthly basis. Your employer is only liable to pay the employer contribution if your earnings are above the weekly threshold. Your employer must also submit a return of all deductions and payments made, also on a monthly basis. At the end of the year your employer must submit an annual return giving details of the total deductions and payments made during that year on behalf of each employee. These forms are issued by the Tax Office.


If you have more than one job

If you have more than one job and your total weekly income from all employers is in excess of £263.20 per week during 2018 (£266.80 during 2019) you will be required to make an employee contribution. This will be deducted by whoever employs you first in each working week. The start of each working week is defined as a Monday morning. If you do not work on a Monday then it will be the following subsequent day of that week. The employer section of the contribution will also need to be made by whoever employs you first in the week.


If you are self-employed

If you are self-employed you must ensure you are registered and submit full payment for your pension contributions by the 30th June each year. You will only be liable for payment for any weeks you have earned over £263.20 per week during 2018 (£266.80 during 2019).


Voluntary Contributions

In some cases you may be eligible to make voluntary contributions. You cannot make contributions from before your date of entry into the Falkland Islands; but you can continue contributing from overseas by registering as a voluntary contributor upon leaving the islands. The current weekly rate for overseas contributions is £58.25 for 2018 (£58.25 during 2019).


In order to enhance your partial pension you may also register as a voluntary contributor after your 64th birthday. The latest you can defer claiming your pension and making voluntary contributions is up to age 70. You cannot, however, contribute after you begin claiming your pension.


You can pay voluntary contributions on a weekly, monthly, quarterly or yearly basis. Payments can be made via standing order, direct transfer, over the counter at the bank, or by a cheque (made out to The Falkland Islands Government) addressed to the Pensions Office. If you make payment by any means other than by standing order with Standard Chatered Bank your payment must be accompanied by a remittance slip which you can ask for at the counter.


If contributions are being paid by standing order please ensure you detail your pension ID on the form. If you do not know your pension ID please contact the Pensions Office on 28416.


Interest on late contributions

In accordance to Section 15 of the 1996 RPC Ordinance, The Retirement Pensions Board of Management are liable to charge an interest on all outstanding debts at the rate of 5% per annum which dates further than 1 year in arrears.


What you get in return

The current standard full pension rate is £156.00 per week during 2018.


In order to qualify for a full pension you must make 2,200 contributions, or more, to the scheme. If you make between 250 and 2,200 contributions you will receive a partial pension when you retire based on the number of contributions you have made. If you are no longer in employment, or leave the Falkland Islands, you may make voluntary contributions in order to achieve the minimum 250 contributions required to be eligible for a partial pension upon retirement.


It should be noted that under the terms of the Retirement Pension Ordinance 1996 contributions are non-refundable, therefore if you make less than 250 contributions by age 70 you will not get a refund and will not be eligible for a pension.

Your pension is calculated using the following formula:

             (number of contributions made) x (full pension rate) = (your pension)


If you are a voluntary contributor, you will receive a partial or full pension on the same basis as a normal contributor.


Payment of Pensions  

Retirement pensions are not payable until you reach the age as indicated on the table below, unless you are a widow or a widower whereby the pension is payable from age 60. You can defer claiming your pension up until age 70 if you wish.

Yr of Birth     Yr of Retirement   Age of Retirement
1953 2017 64
1954 2018 64
1955 2019 64
1956 2021 65
1957 2022 65
1958 2023 65
1959 2024 65
1960 2025 65
1961 2026 65
1962 2027 65
1963 2028 65
1964 2029 65
1965 2031 66
1966 2032 66
1967 2033 66
1968 2034 66
1969 2035 66
1970 2036 66
1971 2037 66
1972 2038 66
1973 2039 66
1974 2041 67
1975 2042 67
1976 2043 67
1977 2044 67
1978 2045 67
1979 2046 67
1980 2047 67
1981 2048 67
1982 2049 67
1983 2051 68
1984 2052 68
1985 2053 68
1986 2054 68
1987 2055 68
1988 2056 68
1989 2057 68
1990 2058 68
1991 2059 68
1992 2061 69
1993 2062 69
1994 2063 69
1995 2064 69
1996 2065 69
1997 2066 69
1998 2067 69
1999 2068 69
2000 2069 69
2001+ 2071 70


Pensions are paid a month in arrears. At the point you become eligible to receive your pension, you need to make a claim to the Retirement Pensions Board of Management before any payment will be made.


CLICK HERE to download a claim form or alternatively contact the Pensions Office.


Please ensure you include the bank account details of where you would like your pension to be paid on your Pension Claim From, these can be changed at any time by contacting the Pensions Office.


Pensions can be paid anywhere in the world. If you are no longer resident in the Falklands Islands your pension will be paid to you on a monthly basis by a sterling cheque at no extra charge. This can be sent either directly to your home address, or alternatively to your bank.


If you would like your pension to be paid via telegraphic transfer the recipient will be responsible for any charges issued by both the sending and receiving banks.


If you are resident in the Falkland Islands your pension will be paid monthly in arrears into your Standard Chartered Bank account approximately 3 working days before the end of the month.


Keeping in Contact

If you move away from the Falkland Islands it is vital you keep the Pensions Office informed of your address so any relevant information can be sent to you.


Current Rates

To download a list of our current contributions and pension rates please CLICK HERE


If you require any further information please contact the Pensions Office on 28416 or email