As more investors become caught by the A-Day pension tax, offshore products should be used as an alt...
As more investors become caught by the A-Day pension tax, offshore products should be used as an alternative to onshore vehicles, according to Scottish Equitable International (SEI).
Research by New Bridge Street consultants suggested that 50% of FTSE 100 and 25% of FTSE 250 directors will be affected by the yearly life-time allowances.
David Healy, managing director for SEI, said: "Investors affected by the lifetime allowances may or may not be aware that they can avoid these potential tax liabilities while continuing to save for their retirement by choosing a non-pension alternative. As well as offshore bonds growing virtually tax-free, the flexibility of investments in this structure is far greater than found in a fund supermarket."
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