EXPAT INVESTMENT PLANNINGOffshore Investments
What is an Offshore Investment Account?
(Global Investment Account)
An Offshore Investment Account is a low-cost and tax-efficient investment solution used by Expats worldwide.
Offshore investment funds and platforms are renowned for their flexibility. Typically based out of Jersey, these offshore accounts allow Expats to invest both lump sums and regular savings into an FCA regulated platform. Given the low tax status of Jersey, these accounts have the additional benefit of gross-roll up (compounding growth). No capital gains or income tax is paid within the account, meaning your investments can flourish in a tax-efficient environment.
Who is it for?
Investing money offshore has never been easier. Anyone can use a Global Investment account, including UK residents. These accounts will benefit the transient Expat the most, given their flexibility and portability when moving around the world - whether professionally or for lifestyle reasons.
These accounts may not be suitable for residents of France, Spain or Portugal depending on circumstances. In these jurisdictions, there are more tax-efficient solutions available.
KEY FEATURESLow cost
Portable
Easy to use
Tax-efficient
FCA Regulated
Covered by the FSCS (financial services compensation scheme)
Wide, unrestricted investment selection
LIMITATIONSTypically cannot hold individual shares
May not be the most tax-efficient solution
Our Verdict
An Offshore Investment Account is a brilliant solution for Expats around the world. Portable, low-cost, regulated and tax-efficient mean this investment account is a winner for most.
Just be wary that there may be more tax-efficient local solutions depending on your residence.
