Kirsten Morgan, international product development analyst at Standard Life, examines the attraction of offshore bonds.
The offshore bond market grew last year, driven by a growing focus on tax control. Offshore bonds are no longer seen as an exotic or out-of-reach choice. Instead, there has been a growing understanding of the value and flexibility these investment options can offer and greater use is being made of their tax efficiency. For investors who have already used up their ISA allowances and reached their pension contributions limits, an offshore bond is an attractive next step. With an offshore bond, clients can invest in a wide range of investment funds, including insured funds, mutual funds inc...
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