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Offshore Investments

Saving offshore is a tax efficient way to grow your savings. Your interest is paid gross without tax being deducted. Although you must declare this interest, deferring your tax payment can help maximise your savings.

Tax deferment is subject to your tax status and the decisions that you make regarding the impact of the EU Savings Tax Directive on your personal circumstances.

Where required, it is your responsibility to declare the existence of an offshore bank account and any interest paid to your tax authority. If you are an EU resident, you can choose to either share information with your tax authority or pay a retention tax on the interest paid (the default arrangement).

More information on Offshore Investments will be available here soon. Please call us for more details.

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