Tax  

What is making onshore insurance bonds more attractive?

  • Explain the benefits that onshore bonds offer
  • Explain the difference between onshore and offshore bonds
  • Explain the benefits that offshore bonds offer
CPD
Approx.30min

Whatever happens, as always, the key to efficient tax planning will be getting the correct balance of GIAs and bonds to suit the client’s objectives. 

Les Cameron is head of technical at M&G Wealth

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CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. What is an example of a chargeable event?

  2. True or false? Top slicing relief is designed to give relief from having a gain built up over several years that is all taxed in the same tax year.

  3. What is the tax-deferred allowance?

  4. Which of the following is the ODD one out when it comes to some of the benefits of bonds?

  5. What is the difference between an onshore and offshore bond?

  6. Why is it that using an offshore bond can be as tax efficient as an Isa without the £20,000 investment limit?

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You have successfully answered all the questions correctly, well done!

You should now know…

  • Explain the benefits that onshore bonds offer
  • Explain the difference between onshore and offshore bonds
  • Explain the benefits that offshore bonds offer

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