We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Off shore bank acc.
Options

teebrown
Posts: 9 Forumite
We will be having our 22yrs lump sum paid to us soon, and i was wondering if an off shore bank account was the answer to stop the taxman getting hold of it. we will be emigrating when it is paid but we want to keep it this side of the water to gain interest.
Any ideas?
Any ideas?
0
Comments
-
The lump sum is tax free. Only the income from it is taxable which can be avoided in a number of ways (ISA, personal allowance, off-shoring).
You might get a wider response if you repost/search this in the "cutting tax" or "savings & investments" boards0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards