Report says offshore bonds not best for UK investors

Professional Adviser
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New research conducted by FundsNetwork suggests that offshore bonds are seldom the most tax-efficent...

New research conducted by FundsNetwork suggests that offshore bonds are seldom the most tax-efficent product for a UK-based investor. However, Paul Kennedy, director of tax and trust planning solutions at FundsNetwork, and the report's author, says the point of the study is to emphasise the need to decide what kind of tax wrapper to use after settling on an asset allocation, rather than trying to shoehorn an unsuitable asset mix into a pre-selected wrapper. "Investment tax planning should be approached with a blank sheet and an open mind," he said in the foreword to the report, Insuranc...

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