Offshore Investment and Saving
8 Benefits of Qualifying Registered Overseas Pension Schemes
Published on 29 April 2008Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
Around 400,000 Britons move abroad every year and now they can take their pensions with them in a far friendlier format. With the relatively recent introduction of new rules governing the treatment of pensions for those who expatriate, there has been something of a revolution in the offshore pension industry.
If you’re thinking of moving abroad, you’ve already expatriated or you’re a higher rate taxpayer wondering if you’d be better off financially to leave the UK and save and invest offshore for example, here are the top 8 benefits of QROPS – or Qualifying Registered Overseas Pension Schemes.
Basic Offshore Financial Tips for Expats
Published on 02 April 2008Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
If you’ve just moved abroad or are planning a relocation overseas, one of the things on your mind is likely to relate to your financial situation. Can you save tax now that you don’t live in the UK, are there advantages to you going offshore, what about having an offshore bank account?
There’s a lot of information pretty much thrown at expats about how they must utilise their financial advantage now that they are non-UK resident, but what about some basic offshore financial tips for expats to be going on with? Because it can take time to get settled and get in the right frame of mind for a full financial overhaul, but there are certain things you can do immediately to sort your finances out tax efficiently and simply.
QROPS Pension Release Scheme Explained
Published on 28 March 2008Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
If you’ve never heard of the acronym QROPS before, it stands for Qualifying Recognised Overseas Pensions Scheme, and this is a specific type of pension available and potentially highly beneficial to expatriates and anyone contemplating living or retiring abroad. If that sounds like you or someone you know, read on and the QROPS pension release scheme will be explained.
QROPS are a relatively new invention as far as British expats are concerned. It was only in April 2006 that it was announced that British expatriates could move their pension benefits to QROPS with the UK tax authorities’ approval; since then there has been a slow but steady take up as increasing numbers of people realise the massive and broad benefits available to them by using a Qualifying Recognised Overseas Pensions Scheme…
Offshore Investment and Saving for British Residents
Published on 18 February 2008Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
What with the Inland Revenue’s crackdown on British residents with offshore assets last year, the annual non-dom fee that is expected to be introduced in April and the fact that it is widely believed the government will take further action against those who reside outside the UK but frequently visit, the thought of saving or investing offshore when you’re a British resident becomes one fewer and fewer people are likely to even consider.
After all, what if you were mis-sold an offshore policy and accidentally avoided tax you were liable for? What if you were not even legitimately able to place assets overseas and you did so? The fact of the matter is, offshore investment and saving for British residents can actually be beneficial in certain circumstances – but before you go ahead and explore your options, you need to understand the laws, the rules and the regulations…
Offshore Investment and Saving and Planning Ahead
Published on 09 January 2008Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
The vast majority of people who can and do regularly take advantage of offshore investment and saving schemes are expatriates or those who live in a tax free location or who lead a fairly international lifestyle, living, working and travelling through multiple locations. For these sorts of individuals, saving and investing offshore makes a great deal of sense.
But what happens when these individuals decide to repatriate, to move back home, or even move to a higher tax nation for example? There is more to going offshore than just making the decision based on your circumstances today...which is why this article is about offshore investment and saving and planning ahead.
Offshore Pensions and Saving for Retirement
Published on 29 October 2007Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
Offshore pensions are a fantastic retirement saving solution simply because the vast majority of them are so flexible offering an expatriate or an international citizen the chance to save when and how much they like and also draw down the benefits prior to retirement.
For expatriates who are living abroad on a high paying work assignment currently, an offshore pension provides a means to save hard and to save lump sums today so that worrying about affording retirement can be all but forgotten about tomorrow! In this article we’ll look at offshore pensions and saving for retirement in general when you’re living or working abroad.
Why Save Offshore?
Published on 21 October 2007Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
Having an offshore bank account if you travel frequently, own property abroad or are planning on retiring overseas at some point in the future makes sense, as does investing offshore if you want access to a broadly diverse range of investment vehicles, fund managers etc., - but why save offshore?
What is the point of having an offshore savings account when you can gain access to accounts in the UK or your country of domicile/residence that pay decent rates of interest for example? Well, there is one very good fundamental reason for us all to consider an offshore savings account and, depending on our personal circumstances, there could be more than one reason to save offshore!
Offshore Investment and Saving Facts and Fables
Published on 29 September 2007Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
Sometimes you just have to cut to the chase and get right to the heart of the matter and today it’s time to talk in straight terms about offshore investment and saving facts and fables. In this article we will cover the four main misconceptions that most people have come across…
There is just so much misinformation disseminated on the internet about what is and is not possible and practical, what is and is not legal and legitimate, that it’s about time the offshore investment and saving facts were set out clearly! Trust Shelter Offshore to tell you straight…
Offshore Pension Plans for Expats
Published on 27 September 2007Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
If you’re living, working or travelling abroad chances are you’re enjoying an exciting life and have so far given little thought to your retirement and how you will afford to live once you stop working. I say ‘chances are’ – because few if any of us like to pay much heed to the warnings about needing to save for a secure pension.
Expatriates however have both a distinct disadvantage and advantage when it comes to saving for retirement and today we’re going to look at offshore pension plans for expats and why they make a lot of sense for a lot of people!
Your Offshore Investment Strategy
Published on 30 August 2007Category: Offshore Banking, Offshore Investment & Savings » Offshore Investment and Saving
When all around you others are losing their heads, their appetite for volatility, their commitment to their investment strategy and possibly even their will to put their money in other people’s hands following on from the turbulent couple of weeks we’ve experienced thanks to some slightly ‘interesting’ downward market movements, how’s your offshore investment strategy holding up?
There are those among us who are ready to throw in the towel and admit to being totally risk averse after all. But at ShelterOffshore we feel that if you look to the long term, you straighten out your risk profile up front and you only entrust those around about whom you have conducted rigorous due diligence and go with your own carefully considered opinions, you’ll be doing the best you can for your offshore investment strategy and overall portfolio.