Financial engineering

Much has been written about pensions A-Day and the potential opportunities for offshore bond wrappers resulting from the impending changes. This article looks at these opportunities in a practical way to try and highlight exactly where opportunities lie. In a post A-Day world, offshore bonds will not replace pensions any more than other wrappers will. Pensions, especially self invested personal pension plans (Sipps), are still the most tax efficient way to save for retirement and probably offer the most flexibility for investment choice, even after the removal of residential property as a...