- Date format
- Isle of Man Pounds (IMP)
- the standard rate is 20%
- National Insurance
Rates depend on individual’s circumstances.
- Total Employment Cost
Dependent on individual’s circumstances.
0% – Where earnings are less than 138 IMP per week.
11% – Where earnings are more than 138 IMP per week.
- Total Employee Cost
Up to 11%.
- Minimum Wage
- The minimum wage in Isle of Man is £8.25 per hour.
- Payroll Cycle
- 13th Salary
Not required by law.
- Employee Income Tax (1)
- Up to 6500 IMP - 10%
- Employee Income Tax (2)
- Over 6,500 IMP - 20%
- General Working Hours
40 hours per week.
Civil servants (other than those who have no set conditioned hours) are eligible to be paid overtime. Overtime working should only occur during periods of exceptional pressure of work and only then, at the request of management.
- Paid Time Off
- Public Holidays
- Sick Days
Any amount of sick pay paid by an employer for a period in which the employee was absent due to sickness must be subjected to ITIP. Any monies recovered from the employee in respect of that period, e.g. the whole or part of the statutory sick pay received by the employee or recovered by way of a pay-out under an employee sickness insurance policy, must be recorded as a trading receipt. If sickness benefit is paid to the employee under the National Insurance Act, the employer should not treat it as remuneration.
- Maternity Leave
All pregnant employees are entitled to take up to 26 weeks’ leave providing that certain notice requirements are met.
- Paternity Leave
Paternity leave of one or two weeks is available within 56 days of the birth of the baby. There are no requirements for employers to pay employees on paternity leave.
- Parental Leave
There are no statutory laws regarding parental leave.
- Other Leave
Compassionate / Bereavement Leave – up to 10 days paid leave.
- Termination Process
Reasonable cause and a notice period must be provided.
- Notice Period
- One month or more, but less than two years – one week’s notice
- Two years, but less that four years – one week for each year of continuous employment
- Four years or more – four weeks
- Severance Pay
The amount of a redundancy payment is one week’s gross pay for each complete year for which the employee has been continuously employed. A week’s pay is capped at a maximum of £480 a week.
- Probation Period
- Employment Visa
Anyone who is not classed as an ‘Isle of Man worker’ requires a work permit to take up employment.