Eligibility and thresholds

The contribution is a floor, not a bill

The £250,000 minimum contribution is a minimum annual commitment, not a fixed charge. It is what you undertake to pay in Jersey income tax each year for as long as you hold the status, and it applies whether or not your income in a given year would have produced that much tax on its own — where combined income falls below £1.25m, you are deemed to receive enough additional income to produce the minimum. How the deeming works.

That is why the indicative worldwide income figure sits alongside it. At the 20% rate applied to the first £1,250,000 of worldwide income, £1.25m of income produces approximately the minimum contribution. Below that, you would be committing to pay tax on income you have not earned — which is a commitment few people want to make, and one the assessment is designed to surface early rather than late.

How the 2(1)(e) rate is actually structured, including what falls outside it.

Wealth is evidenced, not declared

The personal wealth indication exists because income can stop and a commitment lasts. It is stated as assets in excess of £10m excluding your main residence, and some liquidity is expected — a wealth position that is entirely illiquid does not answer the question the figure is asking.

Expect to evidence the position properly: statements, valuations, structures and the sources behind them, prepared to the standard a private bank’s onboarding team would expect rather than to the standard of a mortgage application.

Assembling that evidence is usually the longest single stage of the process, and it is the part nobody warns applicants about. If your assets sit across several jurisdictions and structures, the gathering starts months before the application does.

Property is a threshold and a constraint

The published minimums are £3.5m for a house and £1.75m for an apartment. These are the floor for a qualifying property, and the property has to be secured within the window the approval allows.

Jersey has a small number of properties above those values genuinely on the market at any one time. Treating property as the last step is the most common sequencing error in a 2(1)(e) move, and the one that most often turns an approval into a scramble. The property requirements in full.

What the thresholds do not tell you

Eligibility is necessary and not sufficient. The decision weighs what an applicant brings to Jersey beyond tax revenue — economic and social contribution form part of the assessment, and there is no number that guarantees it.

There is also the question that gets asked too late: what leaving your current country of residence does to your tax position there. Jersey residency is not an answer to another jurisdiction’s rules on departure, deemed domicile or exit charges. That advice has to come from a regulated adviser in that country, and it should come before you commit here.

On figures you will find elsewhere

Every number on this page applies to applicants from 14 July 2023. Residents granted status before that date remain on the rules that applied then unless they elect into a newer regime — which is why £145,000 and £170,000 both still appear in circulation. Those are real figures attached to legacy regimes, not stale reporting of the current one. The legacy position.

Anything you read about Jersey thresholds — this page included — should be checked against gov.je’s High Value Residency page or Locate Jersey before you act on it. That is why every figure here carries the date it was checked, and why we re-check them quarterly.