Offshore bonds better onshore counterparts

Offshore bonds are beneficial for investors who have more than £250,000 to invest or are considered a non-domicile or non-resident for UK tax purposes. According to Bob Golding, international planning manager at Clerical Medical, offshore bonds can outperform onshore on long-term investments of £250,000 or more, due to the compounding effect of gross roll up. However, he said it was necessary for clients to have a bond for at least 20 years to benefit from this. For example, if a client invested £250,000 in an offshore bond and the same amount was put into an onshore bond, the offshore...