The Killik & Co Offshore Bond

The Killik & Co Offshore Bond offers you the ability to invest a lump sum for growth and receive income from it, and also benefit from a number of tax advantages.

It is of interest to both UK and non-UK residents, subject to individual circumstances.

The Offshore Bond is provided by Friends Provident International, established in the Isle of Man, and is held in a reassuringly stable political environment.

What is an Offshore Bond?

An offshore bond is a lump sum life assurance policy which is established outside the United Kingdom. The Killik & Co Offshore Bond is the Reserve bond provided by Friends Provident International Limited, based in the Isle of Man.

Can an Offshore Bond help mitigate Inheritance Tax (IHT)?

Depending on your individual circumstances there are a number of ways, mainly by implementing trusts, that your IHT liability can be mitigated.

Alternative pension income

For those at, or near, the Lifetime Allowance (£1,750,000 for 2009/10) an offshore bond can be used to provide additional tax-efficient income.

Those considering or about to emigrate or work abroad

Offshore bonds can be very tax-efficient and used to provide access to capital anywhere in the world.

Foreign nationals living in the UK

Offshore bonds are considered foreign property so are not subject to UK Inheritance Tax whilst the investor is non-domiciled.

How do I find out my suitability?

One of our Brokers can advise you on the suitability of your circumstances for investing in the Offshore Bond. They will also be able to help with applying for it and monitoring its future performance.

* Please note that tax treatment may be subject to change in the future.