Advantages of offshore bonds for non-doms

Many advisers may have found themselves with a new type of client on 6 April this year. It's not that they are new clients per se (they could have been advising this person for years); it's that these clients now need different advice. 'Non-doms' - people who are not UK domiciled but may have been resident in the UK for many years - face some new decisions on how to manage their tax affairs. Non-doms were previously not taxed on any of their income or gains arising outside the UK (unless the money arising was sent to the UK in a year when they were resident in the UK for tax purposes). Th...