Offshore Bonds

An Offshore Bond is an investment product marketed by an Insurance Company situated outside the uk usually in the Isle of Man or similar offshore tax haven

The Bond is similar in structure to the UK Investment Bond. It is a single investment. The client has the choice of a wide range of funds and can switch funds without incurreing any tax liabilities and usually low charges

While the Bond is invested offshore there is no tax paid but when the bond is encashed there will be a charge to income tax on the gain wheter you are a basic or higher rate taxpayeR

Nicholls Stevens believe that Offshore Bonds are high chaged investments and there are very few instances in which they are suitable for a client’s needs

If you are considering making such an investmet, we will be pleased for a fee  to review any proposition made to you. The report will outline whether we think that this product satisfyour needs