Why consider offshore bonds?
Offshore bonds are perhaps most commonly thought of as offering a tax advantage for higher rate taxpayers, but there are a number of other aspects that make them attractive for a wide range of clients.
Offshore is a common term that is used to describe a range of locations where companies can offer customers growth on their funds that is largely free from tax. This includes "true offshore" locations such as the Channel Islands and Isle of Man, and other locations such as Dublin - where Prudential International is registered. Tax treatment can vary from one type of investment to another, and from one market to another.
Click on the PDF below to see a range of client profiles. The links in here will take you to practical examples.
|Why consider Offshore Bonds - Briefcases [212k]|
Tax-resident in the UK for 7 out of last 10 years and has £80k+ offshore income
- To avoid £30k remittance tax charge.
- An investment that is fully portable if he/she leaves UK in future.
Tax-resident in the UK for 16 out of last 19 years or approaching that
- To avoid UK inheritance tax.
- An investment that is fully accessible.