Jersey’s new International Savings Plan expected to drive new employee benefit business from overseas

19 March 2019

Jersey’s new International Savings Plan (ISP) is expected to drive significant new employee benefit business from overseas.

Effective from 1 January 2019, the new ISP scheme offers effective and efficient solutions for international business, enabling multi-national companies to establish savings plans in Jersey for non-resident employees.

ZEDRA’s Head of Employer Solutions, Elaine Graham, says it is likely that international firms will look to Jersey as they consider flexible employee savings arrangements to retain talent.

“The Channel Islands have long been leading and important jurisdictions for pensions and share plans and it is expected that the ISP model will have the same international appeal. We believe it will be particularly attractive to employers in the Gulf region, where it is likely to complement existing workflows with Middle Eastern clients,” says Elaine.

The ZEDRA Employer Solutions team is able to provide more information about the new ISP model and how it may be of benefit to you. Please email Elaine Graham for an initial discussion about your situation and requirements.

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