It has been a busy start to 2019 at Imperium with a number of new faces joining the team.
We have two new Business Development Advisors, Grant Twine and Julien Martel who will be using their extensive network of contacts across the globe to create new business opportunities and relationships. They will support David Gilmour’s business development work as we continue to successfully open and grow new geographic markets. Read more about Grant and Julien’s experience and background HERE.
Tom Stanley has also joined us as Assistant Manager. Tom will be responsible for looking after a number of our private clients, drawing on his 10 years’ experience in the sector. Find out more about Tom HERE.
We welcome them all to the Imperium team and looking forward to working with them as the company continues to grow.
A legislation change in Guernsey is keeping the island at the forefront of best practice with international employee benefits.
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 the island for an international workforce. A number of jurisdictions are now requiring employers to make payments to employees when their employment ends, and this kind of savings scheme has become popular.
Stephen Ainsworth, President of the Guernsey Association of Pension Providers, said:
This enables us to continue to provide international savings plans now on both a regulated and on a statutory tax-exempt basis, and shows we are at the forefront of international best practice.
International savings plans, providing benefits on leaving employment, have been provided from Guernsey for many years, but with no statutory basis of tax exemption. The tax exemption has been discretionary until now. There is no minimum age restriction as to when benefits can be taken.
Dominic Wheatley, Chief Executive of Guernsey Finance, said:
Guernsey has a long track history as an international pensions provider and I am sure that this innovation, which follows the regulation of international pensions and gratuity schemes in the island in 2017, will be widely welcomed.
For details of Imperium’s pension services click here.
Director Rhona Humphreys was recently interviewed by Connect magazine for the work she does for the local charity sector.
She was the magazine’s “Charity Champion” in the October/November issue for her involvement with Guernsey Cheshire Home and for the various challenges she has undertaken to raise money for a range of charities. Rhona would encourage anyone to get involved no matter how much (or little) time you might have.
I think it’s a well publicised fact that Guernsey, like many communities, relies more and more on the valuable contribution made by our third sector. We all have something to offer and none of our local charities could survive without volunteers so I would encourage anyone to get involved whether you can offer pro bono legal advice or simply sell flags on a couple of Saturdays a year.
You can read the full article here.