Isle of Man Budget 2020

On Tuesday 18th February, the Isle of Man Treasury Minister, Alf Cannan, delivered his Manx Budget for the forthcoming tax year 2020/21 which he entitled “A Budget of Focus”. The Manx pension landscape was one of the hot topics in the 2018/19 budget following the introduction of the *Pension Freedom Scheme (PFS), *effective 6th April 2018, but this year’s budget was...

Today (20th February 2018) at Tynwald, Treasury Minister, Alf Cannan MHK, announced his Manx Budget for the tax year 2018/19. It contained some significant changes to existing private pension legislation on the island, including the introduction of a new form of Isle of Man pensions legislation, both to take effect 6th April 2018. Outlined below is a summary of the key points...