As inheritance tax affects more families, strategies once associated with the very wealthy are becoming increasingly mainstream. One approach attracting growing interest is the use of offshore bonds, which can offer tax-efficient investment growth, flexible withdrawal options and opportunities to pass wealth to future generations. When structured correctly, offshore bonds can also form part of a broader estate planning strategy, helping some families reduce potential inheritance tax liabilities.
Offshore bonds are not a one-size-fits-all solution and are generally most suitable for investors who have already made full use of other tax-efficient allowances, such as ISAs and pensions. While they offer valuable planning opportunities, they are complex products that require careful consideration and professional advice to ensure they align with an individual’s financial objectives and long-term legacy plans.
Our Chartered Wealth Manager, Harry Donoghue provided commentary on this topic.
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