Income Tax
Jersey is a British Crown Dependency located off the coast of Normandy, France. Made up of two islands, Jersey is not part of the United Kingdom and is therefore subject to a different taxation system than the UK.
Who Pays Income Tax in Jersey?
If you fall into any of the following categories, you will pay income tax in Jersey:
- Full time employee
- Casual or part time employee
- Self employed
- Receive a pension
- Hold savings or investments
- Receive a dividend income
- Receive property related income
- Receive maintenance/alimony
- Trust holder
- Receive Social Security invalid care allowance
Jersey Income Tax Rate
Jersey income tax is set at a standard rate of 20%. However, there are a number of allowances and reliefs that can reduce the actual amount of income tax you pay.
Tax Allowances and Reliefs
People residing in Jersey for the entire tax year are eligible to exemption thresholds. This means that money earned up to a certain amount is within the tax free threshold. This is variable dependant on individual circumstances.
Seasonal workers, or people not spending the entire year working in Jersey, have their allowances worked out proportionally based on the amount of time spent in Jersey throughout the tax year.