We offer a wide range of investment solutions with tax benefits, some of them bespoke to particular countries or circumstances.
The main ones are summarised below but your Financial Adviser will be able to expand upon these further and identify any further specific tax benefits which may apply to you.
Our investment solutions benefit from tax efficient growth as we do not pay Capital Gains Tax or Income Tax on the investments held on behalf of our investors. This has the benefit of any investment gains being able to roll-up free of taxes.
The only tax some funds may be liable to, and cannot be reclaimed, is known as Withholding Tax and is where tax is deducted at source, eg from dividend income. Insurance Premium Tax in Belgium and stamp duty in Cyprus is deducted from premiums.
Normally there is no capital gains tax payable when moving between investments, no matter how many times or how frequent.
When money is withdrawn, you may be liable to local taxes on any gains. However, you have control over when and how much is withdrawn and so this can help reduce any liability to tax. For instance you can wait until you are resident in a country with a low tax rate or are in a lower tax bracket.
For UK residents and those who have lived in the UK for a period of time and may be subject to UK Inheritance tax (IHT), we offer a range of trusts which can help mitigate any potential liability.
In addition there are some further tax benefits for UK investors; You can withdraw up to 5% of your initial investment free of income tax each year and defer tax payable until you have withdrawn your total investment or surrendered your investment.
Our UK compliant investment solutions are classed as ‘non-income producing assets’ by HM Revenue & Customs. This means you do not normally need to include details on your self assessment tax return until you decide to cash in more than 5% of your initial investment in any one tax year or they surrender your policy.