Navigating Jersey's Tax Landscape - What you need to know
- October 18, 2024
When moving to Jersey for work as a healthcare professional, understanding the island’s tax structure is crucial. Jersey offers a unique tax environment that is both advantageous and distinct from other jurisdictions. At IMG Connect, we want to make sure you're well-informed as you prepare for this exciting transition.
Jersey's Tax System: An Overview
Jersey, as a Crown Dependency, is not part of the UK or the EU, meaning it operates its own fiscal policies, including taxation. The island’s tax system is straightforward, offering a relatively low-tax environment compared to many other regions. Below are the key aspects to consider:
- Income Tax Rate
Jersey’s income tax system follows a flat-rate model. Residents are taxed at a single rate of 20% on their worldwide income. Unlike many progressive tax systems, this flat rate makes it simpler to calculate tax obligations, which is particularly attractive to high-earning medical professionals. - Exemptions and Allowances
While the flat rate is 20%, Jersey offers a variety of personal allowances and exemptions that can lower your overall tax burden. For example, you can deduct pension contributions, interest on mortgages, and specific expenses related to your employment. - Tax Cap for High Earners
One of the standout features of Jersey's tax regime is its tax cap for high-net-worth individuals. This cap applies to income that is not sourced from Jersey, meaning if your wealth is held offshore, only a fixed amount is taxable. This could be an attractive feature for senior consultants or those with investments outside Jersey. - Social Security Contributions
Social security in Jersey is a significant consideration for medical professionals moving to the island. Contributions are required from both employees and employers, with employees contributing 6% of earnings up to the Social Security ceiling (currently set at £65,172 per year), and employers contributing 6.5%. - GST (Goods and Services Tax)
Jersey imposes a 5% GST on most goods and services, a relatively low rate compared to VAT in the UK (20%). If you're planning on purchasing big-ticket items or enjoying Jersey’s lifestyle, this tax is something to keep in mind.
What You Need to Know When Moving to Jersey
Residency and Tax Obligations
Jersey offers a flexible residency system, but how much tax you pay will depend on your residency status. There are two primary categories:
- Ordinary Resident – If you live in Jersey for more than six months in a year, you’ll be considered a resident for tax purposes, and your global income will be subject to Jersey’s flat 20% income tax rate.
- Non-Resident – If you're in Jersey for fewer than six months, you'll only pay tax on your Jersey-sourced income.
Double Taxation Agreements
Jersey has double taxation agreements (DTAs) with several countries, including the UK. This ensures that income earned abroad or in Jersey is not taxed twice. If you are moving from a country with a DTA in place, this can significantly reduce your tax liability on income that is taxed in both jurisdictions.
Estate and Inheritance Tax
Jersey does not have inheritance tax or capital gains tax, making it an attractive location for wealth accumulation and long-term residency. However, certain taxes might apply if you hold assets in other countries.
Final Thoughts for Medical Professionals
Jersey’s tax system offers a low, flat tax rate, exemptions, and social security contributions that, when understood properly, provide a financially attractive environment. With its world-class healthcare infrastructure and lifestyle benefits, Jersey is an appealing location for consultants and specialists.
At IMG Connect, we understand that relocating to a new country can be daunting, especially when it comes to navigating tax systems. That’s why we provide tailored advice and support, so you can focus on what really matters – advancing your career and enjoying your new life in Jersey.
Relevant Jobs
An NHS district general hospital in the South West of England is looking for a Consultant in Medical Oncology with an interest in NET and HPB cancers. The Medical Oncology department comprises a team of 11 consultants and is supported by a large team of middle grade doctors and specialist nurses.
Anyone requiring portfolio support (formally known as CESR) can have their required support discussed on a case-by-case basis.
JOB REQUIREMENTS AND DETAILS
This oncology job is open to both international applications and UK-based doctors, though those with European Specialist Registration or MRCP are most encouraged to apply.
Anyone with an interest in NET and HPB cancer should apply. The salary will be between £105,504 and £139,882 dependent on experience or grade.
CORE DUTIES OF THIS ROLE
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Take ownership of site-specific oncology services, primarily in NET and HPB cancer.
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Participate in outpatient clinics, support patients undergoing day case treatments, and assist the Acute Oncology Service.
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Contribute to education and training of junior medical staff and engage in multidisciplinary team working.
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Participate in clinical governance, audits, and contribute to ongoing research and service development.
LIFE IN THE SOUTH WEST
This role is based in a beautiful coastal region in the South West, with access to popular towns and seaside resorts perfect for both urban and rural living. The area features excellent schools, well-connected transport options, and a wide range of outdoor activities from beach days to countryside walks. With its blend of natural beauty and cultural history, the region is a top choice for medical professionals relocating to the UK.
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HOW WILL IMG CONNECT SUPPORT YOU?
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CV Preparation with a bespoke session with one of our specialists
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Application support with expert knowledge of NHS specialisms & recruitment practice
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At least two video calling interview preparation sessions
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Contract and offer negotiations for salary, relocation packages, tenure and more
Once you have accepted your new role, you’ll then be supported and led throughout by one of our dedicated relocation executives who will guide you through all the way to starting to your new role including:
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Document gathering and checking
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COS and Visa Application support if applicable
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Support sourcing short- and long-term accommodation
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Travel Arrangements
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Family support for finding schools and any other aspects of pastoral care
An NHS district general hospital in the North of Scotland is looking for a Consultant Medical Oncologist with an interest in breast and upper GI cancers. The oncology department comprises a team of 7 consultants and is supported by a large team of middle grade doctors. This Medical Oncology job is open to both international applications and UK-based doctors, though those with European Specialist or MRCP (or equivalent) are most encouraged to apply.
Anyone requiring portfolio support (formally known as CESR) can have their required support discussed on a case by case basis.
JOB REQUIREMENTS AND DETAILS
MRCP, full GMC registration with specialist registration or within 6 months of CCT, along with broad experience in prescribing SACT, are required for this role, and anyone with an interest in breast and upper GI cancers should apply. The salary will be between £107,144 and £142,369 dependent on experience or grade.
CORE DUTIES OF THIS ROLE
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Manage a subspecialty caseload in breast and upper GI, delivering high-quality care and treatment planning.
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Participate in MDT meetings, clinical governance, research and teaching activities.
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Contribute to acute oncology on-call cover and peripheral clinics across the region.
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Lead or support the development of new services or innovations in clinical delivery within the department.
LIFE IN THE SCOTTISH HIGHLANDS
This job is based in the Scottish Highlands, a region known for both its bustling city of Inverness and rural escapes like Beauly or Fort Augustus.
The Highlands offer excellent schools, strong transport links including rail and air connections, and year-round recreational options from hiking to arts festivals. The city also has a vibrant cultural and social scene for families and professionals alike.
Rich in heritage, the Highlands are home to some of Scotland’s most renowned history—from clan culture to castles—making this region both a scenic and significant place to live and work.
HOW WILL IMG CONNECT SUPPORT YOU?
When applying with IMG Connect you’ll have the full support of an expert recruitment team who will be your recruitment and relocation partners throughout the process. We\'ll support you with:
-
CV Preparation with a bespoke session with one of our specialists
-
Application support with expert knowledge of NHS specialisms & recruitment practice
-
At least two video calling interview preparation sessions
-
Contract and offer negotiations for salary, relocation packages, tenure and more
Once you have accepted your new role, you’ll then be supported and led throughout by one of our dedicated relocation executives who will guide you through all the way to starting to your new role including:
-
Document gathering and checking COS and Visa Application support if applicable
-
Support sourcing short- and long-term accommodation
-
Travel Arrangements Family support for finding schools and any other aspects of pastoral care
An NHS district general hospital in the North of Scotland is looking for a Consultant Clinical Oncologist with an interest in Urological cancers. The oncology department comprises a team of 7 consultants and is supported by a large team of middle grade doctors. This Clinical Oncology job is open to both international applications and UK-based doctors, though those with European Specialist or FRCR (or equivalent) are most encouraged to apply.
Anyone requiring portfolio support (formally known as CESR) can have their required support discussed on a case by case basis.
JOB REQUIREMENTS AND DETAILS
FRCR, full GMC registration with specialist registration or within 6 months of CCT, along with broad experience in prescribing radiotherapy and SACT, are required for this role, and anyone with an interest in urological cancers should apply. The salary will be between £107,144 and £142,369 dependent on experience or grade.
CORE DUTIES OF THIS ROLE
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Manage a subspecialty caseload in urological radiotherapy, delivering high-quality care and treatment planning.
-
Participate in MDT meetings, clinical governance, research and teaching activities.
-
Contribute to acute oncology on-call cover and peripheral clinics across the region.
-
Lead or support the development of new services or innovations in clinical delivery within the department.
LIFE IN THE SCOTTISH HIGHLANDS
This job is based in the Scottish Highlands, a region known for both its bustling city of Inverness and rural escapes like Beauly or Fort Augustus.
The Highlands offer excellent schools, strong transport links including rail and air connections, and year-round recreational options from hiking to arts festivals. The city also has a vibrant cultural and social scene for families and professionals alike.
Rich in heritage, the Highlands are home to some of Scotland’s most renowned history—from clan culture to castles—making this region both a scenic and significant place to live and work.
HOW WILL IMG CONNECT SUPPORT YOU?
When applying with IMG Connect you’ll have the full support of an expert recruitment team who will be your recruitment and relocation partners throughout the process. We\'ll support you with:
-
CV Preparation with a bespoke session with one of our specialists
-
Application support with expert knowledge of NHS specialisms & recruitment practice
-
At least two video calling interview preparation sessions
-
Contract and offer negotiations for salary, relocation packages, tenure and more
Once you have accepted your new role, you’ll then be supported and led throughout by one of our dedicated relocation executives who will guide you through all the way to starting to your new role including:
-
Document gathering and checking COS and Visa Application support if applicable
-
Support sourcing short- and long-term accommodation
-
Travel Arrangements Family support for finding schools and any other aspects of pastoral care
JOB REQUIREMENTS AND DETAILS
- FRCPath or equivalent and Full GMC Registration are required.
- The salary will be competitive and dependent on experience.
CORE DUTIES OF THIS ROLE
- Provide histopathology services for diagnostics.
- Participate in the Bowel Cancer Screening Programme.
- Collaborate in academic and educational activities.
- Contribute to digital Histopathology system development.
LIFE IN THE REGION
The position is based in a city offering a mix of urban amenities and scenic rural living options. Families will find excellent schools, easy access to transport, and a range of leisure activities. The region has a rich cultural and historical significance.
An NHS district general hospital in the North of Scotland is looking for a Consultant Clinical Oncologist with an interest in Lung, Head & Neck, or Breast cancer. The oncology department comprises a team of 7 consultants and is supported by a large team of middle grade doctors. This Clinical Oncology job is open to both international applications and UK-based doctors, though those with European Specialist or FRCR (or equivalent) are most encouraged to apply.
Anyone requiring portfolio support (formally known as CESR) can have their required support discussed on a case by case basis.
JOB REQUIREMENTS AND DETAILS
FRCR, full GMC registration with specialist registration or within 6 months of CCT, along with broad experience in prescribing radiotherapy and SACT, are required for this role, and anyone with an interest in Lung, Head & Neck, or Breast radiotherapy should apply. The salary will be between £107,144 and £142,369 dependent on experience or grade.
CORE DUTIES OF THIS ROLE
-
Manage a subspecialty caseload in Lung, H&N or Breast radiotherapy, delivering high-quality care and treatment planning.
-
Participate in MDT meetings, clinical governance, research and teaching activities.
-
Contribute to acute oncology on-call cover and peripheral clinics across the region.
-
Lead or support the development of new services or innovations in clinical delivery within the department.
LIFE IN THE SCOTTISH HIGHLANDS
This job is based in the Scottish Highlands, a region known for both its bustling city of Inverness and rural escapes like Beauly or Fort Augustus.
The Highlands offer excellent schools, strong transport links including rail and air connections, and year-round recreational options from hiking to arts festivals. The city also has a vibrant cultural and social scene for families and professionals alike.
Rich in heritage, the Highlands are home to some of Scotland’s most renowned history—from clan culture to castles—making this region both a scenic and significant place to live and work.
HOW WILL IMG CONNECT SUPPORT YOU?
When applying with IMG Connect you’ll have the full support of an expert recruitment team who will be your recruitment and relocation partners throughout the process. We\'ll support you with:
-
CV Preparation with a bespoke session with one of our specialists
-
Application support with expert knowledge of NHS specialisms & recruitment practice
-
At least two video calling interview preparation sessions
-
Contract and offer negotiations for salary, relocation packages, tenure and more
Once you have accepted your new role, you’ll then be supported and led throughout by one of our dedicated relocation executives who will guide you through all the way to starting to your new role including:
-
Document gathering and checking COS and Visa Application support if applicable
-
Support sourcing short- and long-term accommodation
-
Travel Arrangements Family support for finding schools and any other aspects of pastoral care