Guernsey implements changes to pensions and taxation legislature

Guernsey has introduced two amendments to its legislature, aimed at putting the island "at the forefront of international best practive." The government of Guernsey has approved a new tax exemption for international savings plans, also known as end of service gratuity schemes, where the beneficiaries are non-resident in the island and all income of the scheme is non-Guernsey source income. The move will enable Guernsey to build on the island's market-leading position in the regulated pensions sector. It is expected to be popular for large institutions who could set up savings plans in...