Guidance Notes on International Savings Plans22 May 2019
On 22 May 2019 the Taxes Office in Jersey released guidance notes on a new savings vehicle called the International Saving Plan ("ISP").
Bedell Cristin has worked on the notes in conjunction with Jersey Finance and has been instrumental in helping the Taxes Office with the process. The guidance notes will assist those who advise on or administer ISPs. In particular, they set out the approval process for the ISP and matters that can and cannot be contained in the trust deed and rules governing the ISP.
We will provide a further note summarising the key points from the guidance notes in the next few days.