In recognition of the global changes that are affecting how
societies manage the funding of financial provision in old age, a
range of legislative changes have been proposed for Jersey's
tax rules for pension schemes.
Following a period of consultation, a significant proportion of
the anticipated reforms (contained in amendments to Jersey's
existing income tax legislation) are due to be lodged with the
States of Jersey this month.
The States' original consultation white paper was issued in
2013. More recently the States' response to that consultation
was published, identifying changes to the initial proposals, which
have been made after taking account of industry feedback.
The UK's new laissez-faire approach, enabling pensioners
free access to their pension pots, has been noted but not yet
embraced. The Jersey proposals would retain the existing 30% limit
on tax-free lump sum withdrawals. However, pensioners would be
given greater flexibility in relation to the
