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I really cannot get my head around why people think offshore investment is a good thing.
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tax being the main reason.
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Offshore interest rates are not that brilliant considering tax has to be paid in your own country (in my case France).
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Thats not investing. That is saving. Also, you are only looking at unwrapped offshore holdings there and not wrapped holdings such as an offshore investment bond. However, it is possible to put institutianal savings accounts into an offshore investment bond.
There is the benefit of gross roll up, deferment and segmentation. However, for short term money the benefits are not great and can be actually significantly more expensive.
For unwrapped money on deposit then there is often no real benefit as tax has to be paid straight away but for some there may still be benefits.
I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.