Much has been written about the relative merits of onshore and offshore bonds - there are situations...
Much has been written about the relative merits of onshore and offshore bonds - there are situations that favour the onshore bond and others that favour its offshore counterpart. In a number of scenarios the position is not clear-cut. The onshore bonds mentioned in this article are policies whose funds are subject to UK corporation tax on an I-E basis. Offshore bonds are issued from tax havens outside the UK. There is little or no tax charged on the insurer's funds. Most offshore bonds are based in the Isle of Man, Dublin, Luxembourg or the Channel Islands. The onshore bond suffers corp...
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