David Burrows explains why offshore bonds are still the right investment tool for many scenarios
The offshore bond has always had a mixed relationship with the IFA community. There are those advisers who swear by them as a truly flexible, tax-friendly addition to a client's investment portfolio. Then there are those who see the offshore bond as a limited-value product loaded with expensive charges. And what of the recent changes to the CGT regime? There have been fears that offshore bond sales would tail off after the UK government's capital gains tax (CGT) changes made direct investments appear more attractive. Chancellor Alistair Darling announced the changes in his pre-Budget re...
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