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Pension law expansion to encompass smallest businesses, beginning in October.

Mandatory pensions for sole proprietors commence from October 1st. The States Secondary Pension scheme, which has been expanded to encompass all industries, was initially imposed on large corporations last year, making it a legal requirement for them to provide pensions to all their employees....

, and Administrator

2025 September 13 . 2:48 AM

1 min read

Pension provisions will extend to the smallest businesses starting in October

Pension law expansion to encompass smallest businesses, beginning in October.

The States Secondary Pension scheme, a recently expanded policy, now includes the smallest businesses, making it a mandatory requirement for businesses of all sizes, including those employing just one person. This policy has been in operation for at least a year, having been rolled out across all industries.

For businesses employing one person, the timeline for compliance with the pension requirement began on 1 October. The very smallest firms were the last to be drafted into the scheme, with larger businesses being the first to be legally mandated to offer pensions to all staff under the scheme. Smaller businesses were included over the following months.

The States' backed pension provider for the States Secondary Pension scheme is Sovereign. Businesses can seek advice on the scheme from Sovereign or from other independent firms. The name of the state-supported pension insurance available to self-employed individuals and small businesses is the "Künstlersozialkasse" (KSK).

The States Secondary Pension scheme is open to businesses of all sizes, and it includes requirements for businesses employing just one person. Additional advice on the States Secondary Pension scheme can be sought from independent firms, and the States has provided a website for more information: gov.gg/secondary-pensions. Businesses employing one person are not limited to seeking advice from Sovereign for the States Secondary Pension scheme.