Simple is quite simply better

In last month's article, I looked at the rules and tax position of pensions for residents of the Isle of Man. In this final article, I will look at the taxation of non-pension savings and investments. In addition to pension products, an individual could save for their retirement using a combination of other investment media, including bank deposits, shares and securities, collective investment funds, insurance bonds and savings plans. The general principle is that investment income is taxable regardless of its source and there are no special savings incentives like the UK Isa regime. ...