Back in January 2006 we launched the International Bond. Recently a number of enhancements have been made to the product, the key one being the significant increase in the range of investment options – in addition to the Insured Funds available previously, customers can now choose from:
*Subject to confirmation of its compatibility with the International Bond product.
The International Bond also offers a transparent charging structure for customers and flexible commission options for financial advisers.
“Offshore bonds are gaining in popularity as an efficient tax planning tool in certain circumstances and as a vehicle to gain exposure to a wider fund selection than is available through traditional onshore bonds. The new bond should be particularly attractive to individuals likely to spend time abroad, those planning for inheritance or seeking alternative pension provision and for companies looking to make their cash work harder.”
- Murray Drummond, Chief Executive of Standard Life International
Originally launched in January 2006, the International Bond is an offshore investment bond that is sold and serviced by Standard Life International in Dublin. Unlike onshore bonds where funds are subject to tax on all income and gains, an offshore bond grows virtually free of tax. When the bond is finally cashed in, the amount of tax owing will depend on the tax status of the person who owns the bond at that time – which can provide better tax efficiency for certain customers, such as those who wish to gift money to their children/grandchildren in the future or who want to reduce a potential Inheritance Tax liability.
Click here for more information on the benefits of offshore investing and the International Bond from Standard Life International.
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