Tax Planning

For certain investors, particularly British expatriates, the tax benefits an offshore investment can provide will be an important consideration. Investments held within the international jurisdictions we use grow virtually free of income tax or capital gains tax. Although your jurisdiction may mean you become liable to tax when you withdraw your money, over the longer term and with the expertise of a professional adviser, the impact of tax effects can be managed.

Some funds may be liable to certain types of taxes which cannot be reclaimed. This is known as Withholding Tax. This tax is deducted at source, for example from dividend income.

When you withdraw money, you may be liable to local taxes on any gains, again depending on your jurisdiction. However, you have control over when and how much you withdraw, and this can help reduce any tax liability. For instance, circumstances permitting, it may be advantageous to hold off making withdrawals until you are resident in a country with a low tax rate or when you are in a lower tax bracket.

You should consult your financial adviser or other professional adviser on the specific taxation rules that apply in your country of residence.

UK residents and expats

For UK residents, and those who have lived in the UK for a period of time and may be subject to UK Inheritance tax (IHT), we offer a range of trusts which can help mitigate any potential liability.

There are some further tax benefits for UK investors: you can withdraw up to 5% of your initial investment free of income tax each year and defer tax payable until you have withdrawn your total investment or surrendered your investment.

Our UK compliant investment solutions are classed as ‘non-income producing assets’ by HM Revenue & Customs. This means there is normally no requirement to include details on self-assessment tax returns unless you decide to cash in more than 5% of your initial investment in any one tax year, or if you surrender your policy.

Go to the links in the icons below to find out more about some of the potential benefits.

Convenience and portability  
and portability
Protection control and security  
control and 
Tax planning  
Tax planning