An offshore single premium insurance bond can often be an attractive trustee investment. The bond d...
An offshore single premium insurance bond can often be an attractive trustee investment. The bond does not produce income in the trustees' hands. This can help avoid UK trustees' liability to income tax, which might otherwise apply at up to 40%. Any income arising to the underlying bond investments will be assessed on the life company. The policyholder funds of an offshore life company will not suffer tax in the jurisdiction in which it is established. However, it should be remembered that irrecoverable withholding taxes are generally applied at source in the jurisdiction in which the inco...
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