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Onshore / Offshore
The_Fiddler_2
Posts: 565 Forumite
What is the difference between offshore and onshore accounts? Can anyone have either? What are the advantages / disadvantages?
Thanks
Thanks
Noobie (not so 
) trying to make loads a dosh - please bear with all my questions :beer: Thanks
) trying to make loads a dosh - please bear with all my questions :beer: Thanks 0
Comments
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I think offshore accounts normally have the interest paid gross, but you have to declare it to the inland revenue and then pay the appropriate amount of tax.
I'm not sure if off-shore accounts are afforded the same levels of protection under the FSA compensation scheme.0
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