Treasury announces UK taxpayer state pension changes

Mon, 28 Mar 2016

Taxpayers who've contributed both on-Island and in the UK will need to claim state pensions in both jurisdictions.

Tynwald has approved a new reciprocal agreement with the UK - it means claims now need to be made to both governments respectively.

The changes won't affect current pensioners or workers that have only paid into the system on the Isle of Man.

People expected to be worse off that can prove a shortfall will be recompensed by Treasury - member responsible Bill Henderson MLC explains how it'll work: