Offshore Pension Fund
Moving Your Pension to an Offshore Pension Fund. HMRC Approved Method
By creating this offshore pension fund there are significant tax benefits to you and your heirs and is particularly quick and easy to do.
Full HMRC disclosure is made on this transfer and approval is received for Guernsey based PCC Structure (Protected Cell Company).
Any funds transacted into this offshore pension fund arrangement fall outside of the ‘Headroom Check’ of £1.8m (£1.5m after 5th April 2012) – You can continue to contribute if you desire to do so.
Inheritance Tax Free (IHT FREE – Upon death of the Pension Beneficiary, 100% residual pension assets can be left intact by way of ‘expression of wishes’ to nominated beneficiaries, saving your family huge amounts of Inheritance Tax.
Your Income drawn from the pension is subject to UK taxation, (if resident in the UK) however loans would be exempt from tax and not subject to Disguised Remuneration Legislation.
The offshore pension fund arrangement can receive funds from International donors including EBT’s Offshore EFRBS arrangements and other Offshore Pension Schemes.
Once transferred, there is total investment flexibility including the purchase of your own home (primary residence), or other residential property globally as well as unquoted shares.
The Minimum Entry Level to create an Offshore Pension Fund is £300k UK Pension value.
Call us now to create your own offshore pension fund.
- Loans taken from pension tax exempt.
- Income tax payable but not if living offshore
- 100% Inheritance Tax Free
- Not limited by £1.8 million “head check”
- Can Purchase your own Home with Pension fund
- May purchase unquoted shares and property with fund
This Scheme is disclosed to HMRC and they have confirmed that it is not subject to Disguised Remuneration Legislation.
- Fund must be a minimum of £300k in value to use this tax planning method.
Learn about Tax Avoidance and Tax Plans with our Tax Guides
In order to save money when using any consultant it pays to have some background knowledge on tax avoidance and tax plans. This is so that your money is not consumed by lengthy explanations. However, most importantly, knowledge will help you to ask the right questions about your tax avoidance methods. You will also know to divulge the relevant information to assist your tax expert in giving you the best possible service in creating your tax avoidance plans.
To assist you in this regard we highly recommend that you read the tax guide that best suits your tax avoidance needs. You can review all our up to date tax guides by visiting our book shop.
Some guides that may relate to your tax avoidance needs and can help you learn how to significantly reduce your tax bill are as follows, however many other books are available. For more information about each guide, just click on the picture.