QROPS Isle of Man 50c Tax Changes
QROPS pension transfers for UK expats and Isle of Man tax changes. The Isle of Man parliament, Tynwald, will consider today changes to its pension regulations concerning income tax for non-Isle of Man residents. The 3 day session was scheduled to begin 19th October 2010 and the pension amendments are widely believed to be enacted. The Isle of Man had recently increased their levels of income tax from 18% to 20% which applies to both Isle of Man residents and non-residents. The new amendments to the pension regulations should allow a zero rate of income tax
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