The Budget: New Manx state pension to be introduced

Tue, 19 Feb 2019

The Treasury Minister has delivered the Isle of Man 2019 Budget in Tynwald today.

In his 2019 Budget speech, Treasury Minister Alfred Cannan announced personal tax allowances will rise to £14,000.

The new Manx state pension will be introduced from April and has been set at £184.15 per week.

Total government spending projected for 2019-20 will be £1.038bn.

A sugar tax is also set to be introduced in a bid to tackle childhood obesity on the Island.

Investment will also be made in the road infrastructure, modernising Ronaldsway Airport and £30m secured to build a new ferry terminal in Liverpool.