The Isle of Man has a stable and independent legal, economic and political climate. All life assurance companies based there are closely regulated. The island is a designated territory of the UK under the Economic Services & Markets Act 2000. This means investors are protected through laws approved by the UK authorities as being at least as equal to as their own. Compared to Luxembourg ie, the Isle of Man is the only one with a statutory compensation scheme for offshore life assurance companies. Investors worldwide who invest in policies issued by Isle of Man authorised life assurance companies pay off directly from this level of protection afforded them. If a company is unable to meet its financial liabilities, this worldwide investor protection scheme will put right investors affected by up to 90% of the estimate of their policies and there is no upper amount to the monetary limit.
Financial institutions on the island are prohibited from disclosing client or transaction details to anyone, unless obliged by law to do so (under a drug enforcement or terrorism order ie).
Non-residence is the key to obtaining offshore tax treatment on the island
In the Isle of Man there is no general capital gains tax or capital transfer tax and apart from VAT at 17.5%, the only significant tax is Income Tax which is 18% maximum and does not pertain to offshore funds.
Discovering the right investment solutions based on your requirements and situation and from the point of view of security for your money, tax efficiency of your investment and ease of administration of the policy is something your financial adviser will be able to help you with. As you are individual, so are your needs, requirements, current situation, futuristic desires and overall objectives - you need personal and distinctive advice from a qualified and capable adviser. Make sure you receive it.
To give you one example of the flexible products on offer in the marketplace which can offer tax efficiency, cost effectiveness, asset protection and personal confidentiality together with insurance coverage and income options, let's study portfolio bonds.
Whether this product is available to you or right for you, only your adviser can advise you. This is simply one example of what can be achieved with your extra income and for the benefits of personal wealth building.
The Portfolio Bond:
This is a simple holding structure for a wide array of investment vehicles - stocks and shares, bonds, funds, cash etc.
Key Points of a Portfolio Bond
# The investor enters into a contract with an insurance company (possibly one in an offshore tax haven)
# Convenience of holding all your assets in 1 portfolio
# Significant initial discounts from fund management groups
# Opportunity for greater tax efficiency
# Ability to transfer in existing quoted portion holdings
# Almost total investment freedom
# Flexibility to change your investment portfolio at any time
# Easy access to capital
# Regular income facility
You would pay off from having entry to the full array of investment vehicles available, and from having your assets handled by professional asset managers. In certain jurisdictions portfolio bonds are 100% free of local taxes and can be structured for exclusive requirements in terms of their taxation status. There can be colossal benefits from structuring your portfolio through an offshore bond type vehicle. As the benefits adapt depending on exclusive personal circumstances this is an area that you really must canvass with a good internationally focused financial adviser.
Financial institutions on the island are prohibited from disclosing client or transaction details to anyone, unless obliged by law to do so (under a drug enforcement or terrorism order ie).
Non-residence is the key to obtaining offshore tax treatment on the island
In the Isle of Man there is no general capital gains tax or capital transfer tax and apart from VAT at 17.5%, the only significant tax is Income Tax which is 18% maximum and does not pertain to offshore funds.
Discovering the right investment solutions based on your requirements and situation and from the point of view of security for your money, tax efficiency of your investment and ease of administration of the policy is something your financial adviser will be able to help you with. As you are individual, so are your needs, requirements, current situation, futuristic desires and overall objectives - you need personal and distinctive advice from a qualified and capable adviser. Make sure you receive it.
To give you one example of the flexible products on offer in the marketplace which can offer tax efficiency, cost effectiveness, asset protection and personal confidentiality together with insurance coverage and income options, let's study portfolio bonds.
Whether this product is available to you or right for you, only your adviser can advise you. This is simply one example of what can be achieved with your extra income and for the benefits of personal wealth building.
The Portfolio Bond:
This is a simple holding structure for a wide array of investment vehicles - stocks and shares, bonds, funds, cash etc.
Key Points of a Portfolio Bond
# The investor enters into a contract with an insurance company (possibly one in an offshore tax haven)
# Convenience of holding all your assets in 1 portfolio
# Significant initial discounts from fund management groups
# Opportunity for greater tax efficiency
# Ability to transfer in existing quoted portion holdings
# Almost total investment freedom
# Flexibility to change your investment portfolio at any time
# Easy access to capital
# Regular income facility
You would pay off from having entry to the full array of investment vehicles available, and from having your assets handled by professional asset managers. In certain jurisdictions portfolio bonds are 100% free of local taxes and can be structured for exclusive requirements in terms of their taxation status. There can be colossal benefits from structuring your portfolio through an offshore bond type vehicle. As the benefits adapt depending on exclusive personal circumstances this is an area that you really must canvass with a good internationally focused financial adviser.
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