What are offshore investment bonds?
Offshore bonds have been used as tax efficient planning tools for many years now. Bonds provide you with the facility to defer tax as does a UK pension. Therefore, you are able to invest into a range of funds that are not only appropriate to your needs, but defers capital gains tax being paid until you withdraw any funds. Deferred income tax rates can also be greatly reduced depending on the jurisdiction you are based.
Other benefits can include no tax reporting, denomination of any major currency, choice of 40,000 funds plus more.
Frequently Asked Questions
There is a misconception that offshore jurisdictions are not safe but that couldn’t be further from the truth. Common Reporting Standard (CRS) is an information standard for the automatic exchange of tax and financial information on a global level which was developed in 2014 with the sole purpose to combat tax evasion. All jurisdictions we work with fall under CRS, giving complete transparency and high regulation.
Please see our article below which may help you understand offshore protection:
Ethics and the Panama papers. What it really means?
We have a number of different platforms to cater for different lump sum investments and they all have different types of minimums. You need to make it worthwhile for yourself, so the more you have to start with, the more options you have.
Although loopholes did exist which allowed overseas investors and British Expats to avoid capital gains tax on the sale of UK property, this has now been closed. For shares, you need to be a non-UK resident for a minimum of 5 years, and make sure you take profits while offshore. There is certain compliant platforms to easily avoid this, even with options where you can transfer current assets from you home country without incurring tax.
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Tax Efficiency
Tax is something nobody likes paying. But lets face it, it’s a necessary evil which makes the world go around. But when it comes to investments, there are specific investment vehicles such as offshore investment bonds which can really help people take advantage of mitigating tax. This includes tax free growth, no IHT, and significantly reduced withdrawal rates depending on the jurisdiction.
Investment Choice
Offshore investment bonds are “Open Architecture” which means you can invest into any trading asset, whether that’s direct equities, bonds, mutual funds, hedge funds, ETFs, Structured products, you name it. There are no restrictions to where you can invest either, so if you wanted to have a large exposure to Japan, India or Argentinean government bonds, the opportunities are available.
Protection
When it comes to protection from institutions going “belly up”, there is no safer place to store your money. Your money will be held in politically stable countries and in some of the highest regulated places globally. 90% of your assets are ring fenced, meaning that in the unlikely event of a bank collapsing, your have 90% protected. This is one of the highest protections in the world.
Invested a lump sum and transferred my pension with SJB Global last month. Happy so far and looking forward to seeing how the investments perform. I was really impressed with the process and explanation of complex terminology.
Barbera Louis
Having previously gotten cold feet after almost going through with the transferal of my UK private pension to a QROPS with another wealth management company who, for a number of (good) reasons I felt uneasy with, I decided to look independently for an alternative adviser and was fortunate to come across Sam Barber quite by chance. Thanks to his endless patience in answering all of my questions and his excellent support throughout the entire process (which seemed very daunting initially), I am now confident that my future pension is in the best hands. He has put my mind at rest over so many issues and my initial lack of trust in such financial institutions has fully dissipated since becoming his client. I have no hesitation in recommending Sam to anyone who is even just considering transferring a pension out of the UK. He will not talk you into anything that you are unsure about and no question is too stupid. He knows what he’s talking about, gives sound advice and is 100% reliable. There are without doubt many sharks out there – happily Sam is not one of them.
Alia Harrison
I transferred my pension 6 months ago after speaking with a number of advisers in relation to my enquiry. Having initially being overwhelmed with the ordeal, Sam made me feel at ease with the whole process. And on our first semi annual review I am very pleased with the performance and feel like I have made the right decision. I would recommend SJB global to any expat who is looking to transfer their pension.
Jade Bolton
I started the process of finding information out about how to transfer my UK pension overseas and got a bit lost with it all. After sending out a few inquiries, I decided to go with Jake as I found his advice and costs to be completely transparent. The other 2 advisers had recommended me a QROPS and Jake said I was best suited to transfer to a SIPP and sent me links to authoritative websites to back up his reasons. I would recommend Jake to anyone who is looking for transparent advice.
Salvador Iglesias
Invested a lump sum and transferred my pension with SJB Global last month. Happy so far and looking forward to seeing how the investments perform. I was really impressed with the process and explanation of complex terminology.
Barbera Louis
Having previously gotten cold feet after almost going through with the transferal of my UK private pension to a QROPS with another wealth management company who, for a number of (good) reasons I felt uneasy with, I decided to look independently for an alternative adviser and was fortunate to come across Sam Barber quite by chance. Thanks to his endless patience in answering all of my questions and his excellent support throughout the entire process (which seemed very daunting initially), I am now confident that my future pension is in the best hands. He has put my mind at rest over so many issues and my initial lack of trust in such financial institutions has fully dissipated since becoming his client. I have no hesitation in recommending Sam to anyone who is even just considering transferring a pension out of the UK. He will not talk you into anything that you are unsure about and no question is too stupid. He knows what he’s talking about, gives sound advice and is 100% reliable. There are without doubt many sharks out there – happily Sam is not one of them.
Alia Harrison
I transferred my pension 6 months ago after speaking with a number of advisers in relation to my enquiry. Having initially being overwhelmed with the ordeal, Sam made me feel at ease with the whole process. And on our first semi annual review I am very pleased with the performance and feel like I have made the right decision. I would recommend SJB global to any expat who is looking to transfer their pension.
Jade Bolton
I started the process of finding information out about how to transfer my UK pension overseas and got a bit lost with it all. After sending out a few inquiries, I decided to go with Jake as I found his advice and costs to be completely transparent. The other 2 advisers had recommended me a QROPS and Jake said I was best suited to transfer to a SIPP and sent me links to authoritative websites to back up his reasons. I would recommend Jake to anyone who is looking for transparent advice.
Salvador Iglesias
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