Offshore bonds are attracting increased attention from investors looking for tax-efficient ways to preserve and pass on wealth. Unlike conventional investment accounts, offshore bonds allow investments to grow with tax deferred until withdrawals are made, giving investors greater control over when and how tax is paid. They can also play an important role in estate planning, particularly for those seeking to pass assets to children, grandchildren or other beneficiaries in a structured and tax-efficient way.
As inheritance tax and capital gains tax considerations become increasingly important, offshore bonds may offer valuable planning opportunities. Features such as tax-deferred withdrawals, flexibility around when gains are realised, and the ability to incorporate trusts can make them a useful tool for long-term wealth preservation. However, offshore bonds are complex and are not suitable for every investor, so professional advice is essential to ensure they align with individual financial goals and circumstances.
Our Chartered Wealth Manager, Harry Donoghue spoke to The Times about Offshore Bonds.
Read the full article here: The Times.