60 min read 5 Sep 24
Offshore bonds offer several tax advantages and planning opportunities for financial planners to explore with their clients. On this event, Neil Macleod, Senior Technical Manager and Cat McInally, Investment Specialist, delved into the tax planning angles to consider when looking at offshore bonds and the planning opportunities they offer - such as estate planning and Inheritance Tax (IHT) mitigation, income planning for retirees and tax efficient investing for high net-worth individuals.
This session qualifies for up to 60 minutes CPD accredited by CII, by the end you'll be able to:
To claim your CPD certificate, test your knowledge with the questions below.
Write down your answers to each of the following questions and check your answers when you click to claim your CPD certificate on the link below
1. What is the fundamental tax difference between bonds and OEICs?
a) OEICs do not produce income but bonds do
b) Bonds do not produce income but OEICs do
c) Bonds are subject to Capital Gains Tax (CGT) and OEICs are not
d) OEICs are subject to income tax and bonds are subject to CGT
2. What best describes the rate of tax within an Onshore Bond?
a) Around 17.5%
b) Between 19% and 25%
c) Up to 20% maximum
d) Exactly 25%
3. Top slicing relief benefits additional rate taxpayers…
a) True
b) False
1. What is the fundamental tax difference between bonds and OEICs?
a) OEICs do not produce income but bonds do
b) Bonds do not produce income but OEICs do
c) Bonds are subject to Capital Gains Tax (CGT) and OEICs are not
d) OEICs are subject to income tax and bonds are subject to CGT
2. What best describes the rate of tax within an Onshore Bond?
a) Around 17.5%
b) Between 19% and 25%
c) Up to 20% maximum
d) Exactly 25%
3. Top slicing relief benefits additional rate taxpayers…
a) True
b) False
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