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Pension freedom rumours rife on Isle of Man

Pension freedom rumours rife on Isle of Man

The IoM Government has been considering adopting pension freedoms since the UK first introduced them in April 2015.
In September 2017, the IoM Treasury finished a consultation called Proposed New Pension Scheme to Provide Greater Pension Freedoms.

Multiple sources, most of whom declined to be named, have now told International Adviser that pension freedom provisions are likely to be included in the 2018-19 budget.

IA asked the IoM Treasury department to confirm the rumours, but a spokesperson said everything included in the budget remains confidential until it is released. Please link to International Adviser to read the full article by Tom Carnegie.

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