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Offshore Investments - Tax deferral benefits for UK Clients.

Milestone AMG is regarded by its peers as one of the best Independent Financial Advisory firms in Europe. We believe that even though the markets change on a daily basis, the principles for investing always remain constant.

 
PRLog - Apr. 10, 2012 - LUXEMBOURG, Luxembourg -- Here we look at the benefits, specifically with regards to taxation for UK investors looking to achieve capital security, growth or income. There are a number of advantages to investing offshore, particularly with regards to utilising the tax deferral benefits. You can defer paying tax for the lifetime of the investment, so your investment rolls up without tax being deducted, but you still have to pay tax at your highest rate when you cash the investment in. As a result, with careful planning, a variety of savers could put offshore investments to good use.

Offshore Investment Vehicles

The investment vehicles are situated in financial centres located outside the United Kingdom and can add greater diversification to your existing portfolio.

Cash can also be held offshore in deposit accounts, providing you with the choice about when you repatriate your money to the UK, perhaps to add to a retirement fund or to gift to children or grandchildren.

Those who work overseas or have moved abroad to enjoy a different lifestyle often want to pay as little tax as is legally possible.

Offshore Tax

Many offshore funds offer tax deferral. The different types of investment vehicles available offshore include offshore bonds that allow the investor to defer tax within the policy until benefits are taken, rather than be subject to a basic rate tax liability within the underlying funds. This means that, if you are a higher rate tax payer in the UK, you could wait until your tax status changes before bringing your funds (and the gains) back into the UK.

Investment Types

The wide choice of different investment types available include
•   offshore redemption policies
•   equity investments
•   initial public offerings
•   personalised policies
•   offshore unit trusts and OEICs.

You may also choose to have access to investments or savings denominated in another currency.

Many banks, insurance companies and asset managers in offshore centres are subsidiaries of major UK, US and European institutions. If you decide to move abroad, you may not pay any tax at all when you cash-in an offshore investment, although this depends on the rules of your new country.

To find out more on how you can receive the benefits of offshore investing, contact one of our advisors today.

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In providing greater accuracy in decison making, regulatory and ratings agency compliance; Milestone AMG has fully mastered the art of International business and is at the heart of Europes' Financial Institutions.

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Source:Milestone AMG -PR
Phone:352 20 880 198
Zip:2449
City/Town:Luxembourg - Luxembourg - Luxembourg
Industry:Finance, Lifestyle, Business
Tags:Milestone AMG, investing, advice, tax, offshore, benefits, rules, guidance
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