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Understand the taxation and benefits of offshore bonds

Understand the taxation and benefits of offshore bonds

Taxation of an offshore bond part 1 - full and part surrender

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This video looks at how an offshore bond is taxed in the UK. It focuses on two types of chargeable events; final surrender and part surrenders in excess of 5%, providing clear examples for each. It also looks at planning considerations when advising which approach is the most tax efficient for a client.

Use the email link below if you have comments on the videos, suggestions for future topics, or if you’d like us to email you when a new video is available.

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After you've watched our video, take our short test and receive your self-certification document for your training records.

Taxation of an offshore bond part 2 - time apportionment & top slicing

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This video touches on some of the additional tax considerations for both a UK tax resident and non-UK tax resident who intends to return to the UK with an offshore bond. It focuses on time apportionment, which allows any chargeable gain to be proportionately reduced by the amount of time a client has been resident outside the UK during the term of the policy; and top slicing which may assist in reducing the rate of tax charged by spreading the gain over the number of years the bond has been held.

Use the email link below if you have comments on the videos, suggestions for future topics, or if you’d like us to email you when a new video is available.

Ask our experts

After you've watched our video, take our short test and receive your self-certification document for your training records.

Taxation of a personal portfolio bond

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This video focuses on Personal Portfolio bonds (life assurance and capital redemption bonds) and how tax is charged on deemed gains. This charge is for policyholders who are UK resident individuals, UK resident settlors or UK resident trustees (where the settlor is not UK resident or has died).

Use the email link below if you have comments on the videos, suggestions for future topics, or if you’d like us to email you when a new video is available.

Ask-the-experts

After you've watched our video, take our short test and receive your self-certification document for your training records.

Old Mutual International home of the technical experts

Spotlight on our presenters

Rachael Griffin  FPFS  TEP - Chartered Financial Planner Head of Trusts & Technical Solutions | Old Mutual Wealth

Rachael provides tax and technical guidance for the development and maintenance of our financial planning solutions to the UK, expatriate and international investors. This incorporates a product and trust range which covers markets as diverse as the UK, Middle East, Far East, Latin America and South Africa... Read more


         

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