With limitations on onshore pension funds, retirement planning is heading further afield. Tiffany Hancock discovers why, for many, offshore bonds are proving a beneficial alternative
The surge in popularity of offshore products can in part be attributed to the UK's ageing population. With the limitations on onshore pension funds, offshore investing is increasingly being used for retirement planning. Brendan Harper, technical manager at Friends Provident International, advocates offshore bonds as a great alternative, and says the key benefits revolve around tax planning. Harper says: "The biggest advantage of offshore bonds is that you can control when you cash in your investment, and therefore how much tax you pay on the benefits. It means you are not tied in to any p...
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