International Savings Plans are an innovative savings plan product for multinational employers, available in Jersey since 1 January 2019.
ISPs enable large multi-national companies to set up savings plans in Jersey for non-residents. These plans differ from traditional pensions offered to employees. They are more flexible as they allow a payout to employees before the normal minimum pension age, either on termination of employment or on the occurrence of a major life changing event such as redundancy, ill health or divorce.

Savings plan products are not new. They are offered the world over. However, large international employers setting up ISPs wish to establish them in a reputable well-regulated jurisdiction.
What sets Jersey apart as an ideal jurisdiction for international employers setting up ISPs is our robust regulatory framework and political and economic stability. Jersey’s ISP product is approved by the Jersey tax authorities, a clear example of our Island’s modern and sophisticated legal framework.
Jersey has been a leading international finance centre (IFC) for more than 60 years.
finance industry employees, ready to service and support the needs of multi-national companies
Key features of an ISP
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Better Futures for International Employees

Employees today are more likely to work for several employers in their working lives compared to previously.
Access to savings is vital for employees experiencing life changing events such as the termination of employment, redundancy, divorce, children going to university or children getting on the property ladder. A savings scheme which has flexible rules as to when benefits can be paid out is ideal for employees working for multinational companies where traditional pension schemes are not available.
Jersey has strong links and is in close proximity to the City of London and the EU, giving businesses and individuals easy access to both markets
Its central time zone, making it easy to do business around the globe
Why Jersey for ISPs?
Working with the world
Jersey, one of the world’s leading international finance centres, has been attracting bank deposits and investments from corporate institutions and private clients across the globe for more than 60 years. Clearly, its success has been built upon its political independence and economic stability, a mature and respected legal and regulatory system, its tax neutral business environment and expert workforce.
The Gulf Region
Jersey has been working closely with countries in the Gulf region for many years, with a regional office in the UAE established in 2011. Jersey can work within a range of finance disciplines, sensitive to local dynamics, economies and cultures found in region.
Gulf-based companies wishing to set up Jersey ISPs can contact Faizal or An for more information and advice.
Faizal and An are both based in Dubai.
An Kelles › Director – GCC, Jersey Finance
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Faizal Bhana › Director – Middle East, Africa and India, Jersey Finance
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Africa
A vast continent with huge potential, we’re proud to support Africa’s growing economy to bring stability and a clear path to a prosperous future. We’re developing new opportunities for Jersey firms in Africa and are continually fostering new relationships by attending, sponsoring or hosting multiple events throughout the continent, for the benefit of our Africa-focussed Jersey Finance member firms.
African-based companies wishing to set up Jersey ISPs can contact Faizal or Rufaro for more information and advice.
Faizal is based in Dubai and Rufaro is based in Johannesburg.
Faizal Bhana › Director – Middle East, Africa and India, Jersey Finance
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Dr Rufaro Nyakatawa › Business Development Consultant – Africa, Jersey Finance
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Asia
Opportunities in Asia extend throughout the financial and professional services sectors, offering scope to promote Jersey’s finance industry as the international finance centre of choice for global investors–particularly in private wealth, banking and capital markets.
Asia-based companies wishing to set up Jersey ISPs can contact Maria McDermott for more information and advice.
Maria is based in Shanghai and travels frequently around Asia.
Maria McDermott › Business Development Consultant – Asia, Jersey Finance
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