For a UK investor, an offshore investment is one that holds your money outside of the UK. Depending on your circumstances, this can have advantages.
Offshore investments are designed with the aim of:
- Providing you with access to a broader range of asset classes and currencies
- Allowing for regular investment or as a one-off lump sum
- Maximising the growth potential of your investment
- Spreading the risk of your investment
- Offering you access to experienced and expert professional fund managers
- Giving you the option of a regular and predictable 'income'
- Allowing you to switch between funds easily
- Helping you to potentially reduce your liability to income and capital gains taxes
Could they be right for you right now?
Offshore investments can be an attractive option in cases where:
- capital is set aside for a minor
- you expect your marginal rate of tax to fall
- you are entitled to an age-related allowance
- you are an expatriate or are non-resident in the UK
For further information, specific to your circumstances, please contact us to discuss your requirements, as the information presented is based on existing legislation and HM Revenue & Customs practice and does not amount to tax planning advice.
Any potential investor who is unsure of their tax position is recommended to take advice before investing.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can, therefore, go down as well as up. You may get back less than you invested.
Currency movements may also affect the value of investments.
The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.
If the income taken exceeds the growth of the Bond, the capital will be eroded.
