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An offshore investment bond is a wrapper set up by a life insurance company and domiciled in a jurisdiction with a favorable tax regime, such as the Isle of Man, Luxembourg, or Guernsey.
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Offshore Investment Bond PRESENTED BY:- GBN GROUP CONTACT US:- www.gbnconsult.com
INSTRUCTIONS An offshore investment bond is an investment wrapper that can be used as an investment vehicle to control when you pay tax, how much you pay and whom you pay it to. Offshore investment bonds are also referred to as portfolio bonds and tax wrappers. An offshore investment bond is a wrapper set up by a life insurance company and domiciled in a jurisdiction with a favourable tax regime, such as the Isle of Man, Luxembourg, or Guernsey. www.gbnconsult.com
Why issue bonds offshore? Traditional bonds are fixed income investments where investors lend money to an entity (typically a company or government) which borrows the funds for a defined period of time at a variable or fixed interest rate. One of the major differences between onshore and offshore bonds is that taxation is deferred within an offshore bond due to low (or no) tax on gains and income arising on the underlying investments during the term of the investment. www.gbnconsult.com
Reasons to use an offshore bond • Offshore bonds can be used as a tax efficient platform or wrap where you can manage your investments. • They can offer an offshore bank account together with your own chequebook, credit card and internet banking facilities. • Under certain circumstances they can make tax reporting more straightforward. Offshore bonds are not deemed to be ‘income producing assets’ - which negates the need for individuals or trustees to complete self-assessment tax returns. • Bonds can be partially of wholly assigned (to another family member or individual), unlike ISAs or pensions. www.gbnconsult.com
What is an offshore portfolio bond? • An offshore portfolio bond is another name for an offshore investment bond. It is a potentially tax efficient investment wrapper that can hold different assets, such as stocks and shares and mutual funds. • It is critical to note that the tax efficiency of an offshore portfolio bond is not always advantageous or applicable, and depends on your country of tax residence, and tax status. www.gbnconsult.com
Off BONDS ARE MOST OFTEN SOLD TO Investors Who are, and will definitely be, non-UK taxpayers at the time of a chargeable event.. www.gbnconsult.com
Future of NBFC In India Investors Wishing to benefit from the ‘gross roll-up’ effect, for example, an individual who is planning to live or retire abroad to a jurisdiction with lower rates of income tax than the UK, and who would be subject to local tax on chargeable gains. Investors wanting to place their investment within a trust for IHT mitigation purposes. www.gbnconsult.com
Features and benefits of offshore bonds • Tax deferred withdrawals of up to 5% per annum over 20 years. • Dividend and other income may be subject to withholding tax which is non-recoverable. • Income and realised gains in the funds are not taxed locally or may suffer a low rate of tax. • On surrender, a higher or additional rate taxpayer pays tax at the higher or additional rate on any chargeable gain. www.gbnconsult.com
What are the main problems with offshore investment bonds? • There is nothing intrinsically wrong with offshore investment bonds. They can be beneficial and suitable solutions for many people - both onshore and offshore. However, it’s the way they are sold that can cause problems. • The main problem with offshore investment bonds that investors experience is high, hidden and confusing fees and charges. Even the most successful underlying investments will fail to thrive when subject to excessively high charges. www.gbnconsult.com
Why Should You Invest in an Offshore Bond? • There is nothing intrinsically wrong with offshore investment bonds. They can be beneficial and suitable solutions for many people - both onshore and offshore. However, it’s the way they are sold that can cause problems. • The main problem with offshore investment bonds that investors experience is high, hidden and confusing fees and charges. Even the most successful underlying investments will fail to thrive when subject to excessively high charges. www.gbnconsult.com
There is nothing intrinsically wrong with offshore investment bonds. They can be beneficial and suitable solutions for many people - both onshore and offshore. However, it’s the way they are sold that can cause problems. • The main problem with offshore investment bonds that investors experience is high, hidden and confusing fees and charges. Even the most successful underlying investments will fail to thrive when subject to excessively high charges. www.gbnconsult.com
ABOUT US GBN is a leading provider of offshore investment services. We have offices in more than five countries including USA and Singapore and we have a large network of international experts to provide you all the services you ever gonna need. Our experienced trustees are qualified enough to cater all your trust formation needs. We can assist you every step of the way and comprehensive asset protection. Whether you are an individual or corporate entity, we can provide you with a tailor-made solution to suit your asset protection needs. www.gbnconsult.com
MAPS OUR OFFICE DELHI Office no. 212, 2nd floor, B Block Naurang House, Kasturba Gandhi Marg, Near Parikrama Hotel,Connaught Place, New Delhi 110001, India MUMBAI Satra Plaza, Office No. 1007, 10th Floor, Palm Beach Road,Plot No. 19 & 20, Sector -19D,Vashi, Navi Mumbai 400703,Maharashtra, India. TOLLFREE : 1800-30-70-1099 PHONE : +91-9820907711
THANKS! Any questions? You can find us at info@gbnconsult.com +91-9820907711 1800-30-70-1099
