Offshore Accounts - deferred interest
#1
Offshore Accounts - deferred interest
Has anyone come across any of these types of accounts?
They basically work by allowing you to deposit offshore whilst resident in the UK and defer payment of interest until you are non-UK resident for tax purposes. Coupled with the favorable tax treatment of overseas income for new NZ migrants they look pretty good. Unfortunately they don't seem to be offered by many of the big names.
They basically work by allowing you to deposit offshore whilst resident in the UK and defer payment of interest until you are non-UK resident for tax purposes. Coupled with the favorable tax treatment of overseas income for new NZ migrants they look pretty good. Unfortunately they don't seem to be offered by many of the big names.