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You transfer money to the custodian and documents to the fund administrator. Funds are registered in you/your nominees name. Investing offshore has never been so easy.
Investing in an Offshore Life Assurance Bond such as the low cost Friends Provident International Reserve Account combines offshore funds into one account & provides valuable UK tax breaks for returning UK expatriates, UK non-doms and others.
Morgan Stanley FTSE Protected Growth Plan offers 100% performance of FTSE over 6 years or if FTSE rises 10% or more in first 3 years then receive a fixed 35% payout.* Rated 9.71/10 by Independent Analyst FVC.
Review our pick of some of the best offshore investments then simply complete our enquiry form for further information.
- We email you the fund prospectus, application forms & answer any questions
- You fax then post completed application form to the fund administrator & send money direct to the fund custodian.
- You receive a contract note from the fund.
Alternatively, review the benefits of opening an Offshore Investment Account.
*at maturity only. Return of capital & growth depend on A rated institutions ability to honor debts.
Offshore Bonds - Offshore Bond Taxation
Typical Client Profile: UK expatriate planning his return to
the UK.
Reproduced from an article by Brendan Harper, Technical Services
Consultant for Royal & Sun Alliance International Financial
Services Limited:
Read about our Best: Offshore Life Assurance Bond
An adviser recently inquired as to the main tax differences between an
offshore roll-up fund, and an offshore bond as investments
held by a UK national resident abroad, who planned to return to
the UK in eight years time.
Both offshore bonds and offshore roll-up funds are tax
efficient investment structures that allow the investor to roll
up income and gains generated by the underlying assets without
ongoing tax liabilities. Both are attractive, therefore, to
those individuals who are looking for long term capital growth
and who do not want the headaches associated with running a
direct portfolio. For example, no income or gains need to be
accounted for in the investor’s tax return until benefits are
actually taken from the plan. Another attraction of either
structure to expatriates and the international investor is that
either investment is usually available in a wide range of
currency links, unlike their onshore counterparts which are
invariably sterling denominated.
Read Offshore Life Assurance Bond
When benefits are taken, and providing the investor is UK
resident at this time, both investments create a capital gain
which is subject to income tax rather than to capital gains tax.
It is on encashment that the differences between roll-up funds
and offshore bonds really begin to show.
The first major difference is in the treatment of partial
encashment. Offshore bonds allow the investor to remove up to 5%
of the original capital each year without incurring an immediate
tax liability. This allowance accumulates if it is not used up
in any year and is not available to roll-up funds. The
following example shows how this would work:
Investment = £50,000 (assume unit price at investment is £1), value after 5 years is, say, £77,000. The client takes a withdrawal of £12,500. The tax treatment would be as follows: |
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| Bond | Roll-up fund | ||||||||||||||||||||||||||||||||||||||||
£12,500 less allowance (50,000 x 5% x 5) = Nil gain |
Price per unit (77,000 / 50,000) = £1.54. To achieve £12,500, 8,117 units are encashed. Gain is therefore, 12,500 less 8,117 = £4,383. |
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Wrapping a roll-up fund within an offshore bond
also gives the investor more control over when to make a full
encashment on an offshore bond. This is because switches between roll-up funds, even those managed by the same company, will create a
chargeable event, whereas a bond allows switches between funds without
creating a tax charge. This is particularly useful, for example, where
the investor wishes to switch to a less risky investment without
incurring tax liabilities. Initial investment: £50,000. Value at surrender after 12 years: £110,000. Investor is UK resident on encashment. 8 years spent non UK resident, and 4 years spent UK resident Other taxable income for year of encashment: £23,000
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This website states expert opinion on offshore investments. It is not personal advice as we are not aware of your individual requirements. This website is not directed at UK, US or Hong Kong residents. It is for UK expatriates & other international well informed investors who may legally invest offshore. read more
