Newsletter 1 Spring-Summer 2007
Manx Budget March 2007 - Pensions “A Welcome Change”
By Jon McGowan, Managing Director – MAC Financial
I will leave it to others better qualified than I am to comment on the overall tax aspects
of the Budget, however of particular interest to me was the Treasury Minister’s
announcement during his budget speech, of the release of the Treasury’s response
to the taxation of pension schemes consultation which concluded late last year.
I know very many people on the Isle of Man have been concerned about the limited
options that have been available to them for pensions provision and are keen to learn
what changes the Treasury are proposing to improve this situation. Overall I don’t
think they will be disappointed.
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