According less-well-known large (and medium size) IOM life insurance companies. The only way for a returning UK expats to invest has been to use an offshore bond as the preferred investment vehicle.
The answer is an EIB what’s the question?
In any extraordinary use of ‘marketing allowances’ it has fed into the commission-hungry offshore adviser that it is great way to shift some product that has been kicking around the back of the cupboard. Usually so opaque that it used to shield radiation from a returning space shuttle
Some boring useful stuff. If you are a Brexit leave voter, ignore this. keep believing in unicorn filled, rainbow covered middle England meadows.
The offshore portfolio bond is very good option but a level of capital there are other ways to fund a tax haven. Mr Smith has been overseas for 12 years they have recently considering moving back to the UK. They want to structure their investments and assets to be as a tax efficient as possible. Fortunately they been receiving financial planning advice from expat financial planning.
They have two properties in the UK, the family home and an investment property they bought whilst overseas. They have also saved money into an investment account. The value of the amount they saved is crucial to the type of vehicle they use when they repatriate back to the UK
They have accumulated £300,000 in an investment platform which means they have flexibility to make decisions around their finances without being restricted. The UK is some very good savings options that are incredibly tax efficient, the repatriation plan for them will take advantage of this without them being restricted.
With the money accumulated overseas they can fund their ISAs when they return to the UK.
As they each have £20,000 allowance, this £40,000 in tax year between but if they return in April then this times two. So £80,000 immediately into ISA in the first year they are back.
They can also fund their pension schemes of 40k each in the tax years so another 80,000 can be used here.
This leaves £140,000 in the investment account. They can use this each year to fund their ISAs (another £40,000) which would be three and half years of contributions. In the meantime, they have a dividends allowance and a capital gains allowance of £12,500 each. The could be harvest this each year as long as the return does in exceed 17% each year.
This of course in entirely possible. A caravan park in a northern part of the United Kingdom will of course produce this return