Offshore accounts no longer preserve of wealthy

Traditionally shrouded in myth and uncertainty, offshore banking was viewed to be out of reach for the average person. However, for individuals working overseas, living permanently or temporarily abroad, as well as expats on the move, the role of offshore banking should not be overlooked, says James Gairdner, managing director of Halifax International. Many expats now make offshore banking a significant element of their financial plans, he says. Modern offshore bank accounts are highly accessible to a wide range of people, not just wealthy individuals with whom they are often associat...