Investment special focus: Vince Smith Hughes

How are people using offshore bonds? So far, people are mainly using them as a complement to their pension planning rather than a replacement for it. One of the main reasons people pick offshore bonds is for flexibility. For instance, you cannot access your pension whenever you want to, whereas you can with an offshore bond. This can be very useful, for instance, when someone has had to retire earlier than they planned. If they take their occupational pension early then they may well face a charge. They could also miss out on years of investment growth and could purchase a lower ...