Offshore Company Formation News

The Isle of Man is reportedly keen to persuade more companies and British expats to store pension savings in offshore bonds on the island.

According to a report in the Daily Telegraph, the Isle of Man Finance Partnership is set to team up with the Isle of Man Association of Pension Scheme Providers (APSP) for the push.

Financial advisers are set to be the primary target of the campaign...

Tax havens and offshore savings could face further scrutiny after government leaders at the G20 summit in Cannes agreed to a multilateral convention to tackle tax issues.

The need to ensure funds are placed in legal offshore holdings is more important than ever, with accounts set to be carefully examined...

The Society of Will Writers has called on all individuals, whether they have offshore savings or not, to make sure their finances are in order by writing a will before it's too late.

Brian McMillan, the director general of the Society, pointed to the increasing levels of apathy amongst those in the UK who believe "there is always tomorrow".

However, as Mr McMillan duly warns...

Offshore bonds are becoming a popular option among wealthy individuals exceeding their pension allowance, according for a leading financial adviser.

Danny Cox, of Hargreaves and Lansdown, noted that much of the growth is coming because people are only able to save £50,000 a year into a pension.

"Once high earners have maximised their pension and Isa contributions, then offshore...

The Chartered Institute of Taxation's tax policy director John Whiting has warned that the HMRC is using increasingly "sophisticated" methods to investigate offshore savings.

For many, offshore accounts offer a unique opportunity to protect and develop assets outside of the fluctuations of...

Westminster MP Mark Field has called on the government to protect legal offshore business from over zealous international regulation.

Mr Field made the comments during a speech at the Sovereign Group seminar, in which he pointed to the important role that offshore funds play, alongside Crown dependencies,...

A growing number of UK residents are failing to plan for their financial future, despite the presence of offshore funds offering positive terms for savers.

It comes after research showed that nearly half the women over 40, who were surveyed lived with a partner with no pension of their own.

The study, put together by the Prudential group, also showed that 40 per cent of couples questioned...

Expats enjoying the benefits of tax havens around the world are set to face increased council tax bills on any UK based second homes under government plans.

Under new scheme announced by communities and local government secretary Eric Pickles, councils could be given the liberty to remove tax subsidies on these second homes.

According to Mr Pickles, council tax relief on second homes...

An increasing number of advisers are recommending offshore bonds according to research from Legal & General International.

The September study found that exactly half of those financial advisers questioned had recommended offshore bonds to clients.

This figure was up 70 per cent on the findings...

Offshore funds tied up in overseas property are set to come under scrutiny from HM Revenue & Customs as part of a wider crackdown on wealthy tax cheats.

A 200-strong team of investigators and specialists will use new and innovative risk assessment techniques to find areas where individuals are evading taxes and duties.

Overseas land and property owners will be targeted first, with...