Considering all the options

offshore

Offshore bonds can be more tax efficient than onshore bonds, but when choosing whether to go onshore or offshore it is important to consider more than tax, especially as offshore bonds can involve greater expenses

The offshore bond market continued to grow strongly in 2004. Figures released by the Association of International Life Offices show that offshore single premium bond sales into the UK grew by 21% in 2004. However, while demand for offshore bonds has grown strongly, overall UK onshore unit-linked bond sales are still over four and a half times greater than their offshore counterparts. These figures might suggest that many financial advisers are more comfortable using onshore bonds to meet their clients' investment and tax planning needs, than offshore bonds. While offshore bond advocates...