To know more about how trusts can help in the planning of personal affairs please visit www.estatesortrusts.co.uk
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Zero/Ten – Jersey’s new tax regime introduced in 2008
The States of Jersey introduced a new tax regime in 2008 following years of discussions both internally and with other interested parties, including the UK government, which addresses the concerns of the European Union and the OECD. The new regime deals with the criticism that the previous regime was discriminatory and favoured non-residents by allowing them to establish tax free exempt companies whereas companies owned by Jersey residents paid income tax at 20%.
For more detail about this new regime please download our information sheet.
Services in Property Investment and Development
Herald has many years of experience in property investment and development in the British Isles and in other countries. During that time they have created and administered a number of offshore structures, including Jersey property unit trusts, partnerships and company structures.
For more information please download our information sheet on Property Investment and Development.
Foundations
The ability to establish Foundations in Jersey came into law on 17 July 2009. This creates yet another opportunity and tool for intermediaries and clients to arrange their financial affairs to their best advantage.
A Jersey Foundation shares similar features with both corporations and trusts. It has a corporate personality and as such is subject to registration with the Companies Registry in Jersey.
For more information please download our information sheet on Foundations.
Offshore Pensions
For many high earners, offshore pension schemes in the Channel Islands are very effective and appealing. Both Jersey and Guernsey have provisions in their legislation and income tax codes that allow pension schemes to be established for non‐residents. Schemes in the Channel Islands are not subject to taxation on income or gains and withdrawals and benefit payments are not subject to local tax.
For more information please download our information sheet on Offshore Pensions.
Pensions for Sportspeople and Celebrities
Sports professionals and celebrities can have high earnings but often, due to the nature of their occupation, they often need to save significant sums for retirement from earnings which might only last for comparatively short periods and which would otherwise in the UK, be taxed at a rate of up to 50%.
For more information please download our information sheet on Pensions for Sportspeople and Celebrities.