Feasible choices

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Offshore bonds could be a viable alternative for people who do not wish to contribute to pensions, says David Gregory

I am quite fortunate in the timing of this article as I am writing this on the night of the Budget where it seems the Chancellor, Alistair Darling, has made pension provision even less attractive for high earners by limiting the tax relief available. Until today, I imagined this article would look at the use of bonds to complement pension funding. However, since tax relief was the most attractive feature of pensions, anyone earning over £150,000 may well now be looking for an alternative. When the flat rate of tax for capital gains tax (CGT) of 18% was introduced in the Finance Act 2008, ...

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