Skandia International has launched a series of technical documents designed to help financial advisers provide tax advice to international clients.
In an extension to Skandia International’s online library, advisers can access a series of Q&A fact sheets and guides detailing issues such as QROPS, forced heirship and deficiency relief planning, by logging onto Adviser Extranet.
“Advisers are increasingly asked to recommend financial products that will benefit clients who remain UK domicile while living abroad,” says Rachael Holland, head of product law and financial planning at Skandia International.
“To do this effectively, advisers need to know the investment and tax rules both at home and overseas,” she adds.
Literature available on the website includes: deficiency relief planning for the international investor; information about taxation for offshore bonds; personal portfolio bond tax planning for the international investor; QROPS explained and forced heirship in the Isle of Man.
Q&As include: Policyholder protection, role of protector, forced heirship, UK Domicile as well as documents on discretionary trusts and how they can be used, deeds of variation and taxation of life assurance policies owned by companies.IFAonline
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