Government says data showed no tangible increase in workers
The National Insurance Holiday Scheme has paid out more than £6.3 million since its launch in 2019.
It aimed to attract skilled workers to the Isle of Man by refunding all National Insurance contributions paid over a tax year, up to a cap of £4,400, for those in full-time employment.
However, the scheme is now being suspended, except for returning students, after data showed no tangible increase in workers - something partially hindered by the Covid-19 pandemic.
Treasury Minister Alex Allinson denies the majority of applicants came to the Island on an immigration visa:
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