Guernsey Income Tax
The Guernsey Income Tax rate is 20% of earnings, however there is a standard single person’s allowance of £10k, which means that you do not pay income tax on the first £10k of your annual earnings.
If you have just moved to Guernsey permanently or are about to, you will need to register with the Guernsey Income Tax department. You can find the online registration here - https://eforms.gov.gg/NewArrivals.asp
For more information regarding Guernsey Income Tax, please visit their website:
Guernsey Social Security (social insurance)
The Guernsey Social Security (social insurance) rate for 2017 is 6.6% of earnings and applies to everyone over school leaving age. The reason we contribute to the Guernsey Social Insurance Scheme is to receive various benefits according to whether or not you work and how you are employed. As an employed person, you are entitled (subject to fulfilling certain conditions) to: Sickness benefit, Invalidity benefit, Industrial injury benefit, Industrial medical benefit, Industrial disablement benefit, Unemployment benefit, Old age pension, Bereavement benefit, Death grant and Maternity benefit.
For more information regarding Guernsey Social Security, please visit their website:
MOVING TO GUERNSEY
If you are thinking about relocating to Guernsey permanently and have either a local partner, Guernsey connection or an EU passport, contact our Directors today for more details:-