Relocating to a new country can be daunting, but we don't want you to worry. The Isle of Man community is extremely welcoming and we make it easy for you to bring your family from the UK or Ireland over with you. Find out more; Bringing your Pet to the Isle of Man. The Isle of Man is very pet friendly, with plenty of dog walking spots and.. Isle of Man Government - Retirement Policy 2018 1. Introduction This policy sets out the approach of Isle of Man Government to the retirement of its employees and aims to provide a fair and uniform approach to the management of retirement in accordance with the requirements of the Equality Act 2017.

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This means you may not benefit from having transferred to an Isle of Man scheme and could be subject to both UK and IOM tax in certain situations. Charges. The charges for pensions transferred from the UK to the IOM can be higher. A cost-benefit analysis of the advantages you would receive versus any extra cost of transferring is essential.. Advantages over the UK, is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax; and a top rate of income tax of 20%. A tax cap is in force: the maximum amount of tax payable by an individual is £125,000. Reciprocal NHS coverage with the UK so no need for health insurance for people ordinarily resident.