Equilibrium Pensions

Legislation

The Isle of Man recently introduced the Retirement Benefits Schemes Act 2000, (“The Act”), and the Retirement Benefit International Regulations, which came into force in January 2002. The Retirement Benefit Domestic Regulations followed in 2005. The Act aims at providing tax neutral (that is to say that the Isle of Man authorities receive no tax revenue from the International schemes) international pensions in a regulated environment for individuals or corporations who are resident in any jurisdiction other than the Isle of Man.