DfE backs NI scheme

The Department for Enterprise is backing a scheme aiming to attract new working residents to the Island.

The National Insurance Holiday Scheme was announced in the 2019 budget by Treasury Minister, Alf Cannan, this week.

The initiative would also be available to Manx students who return to the Isle of Man for work after completing their UK university studies.

It will be available to workers who have not been tax resident here for the last five years, take up both residence and full-time work, and earn a gross salary of £21,000 or more on or after April 6.

This support is also extended to Manx students who complete a full time university degree, higher national diploma or postgraduate course and return here for work on or after the same date.