On Air Goll as Gaccan Simon Clarke & Phil Gawne | 4:00pm - 6:00pm

Changes to pension taxation - reminder

The Income Tax Division of Treasury has released a new practice note covering Manx residents who receive a pension from the United Kingdom or the Republic of Ireland.

The Treasury says it signed new tax agreements with both countries last year and included as part of the deals were changes to how pension taxation works.

The government says the agreements allow certain pensions paid from the UK or Ireland to be taxed in the Isle of Man only.

For more information, and to download the practice note, you can visit gov.im - the government’s website.

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