Offshore, on the ball

Article Abstract:

Offshore investments pay gross income which allows tax payers to delay payment of tax due. 'Roll-up' funds allow gains to be classified as income and payment of gains to be deferred until taxpayers have lower incomes with lower tax rates. Single premium bonds are another way for taxpayers to defer paying tax. Charges for such products may be high. UK tax law may be amended to close some loopholes relating to offshore investments but there are potential benefits from investing offshore.

Analysis

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Doing the sums on the party poopers

Article Abstract:

The UK 1997 election could affect private investors but they should not take decisions simply for tax reasons. Tax relief could be abolished for mortgage holders and this would make mortgages more expensive, especially if interest rates rise. Tax relief for pension contributions may only be available at 23% which would affect the pensions of higher-rate taxpayers. Other changes could include an end for tax relief for contributions to medical insurance.

Economic policy

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Cat among the pigeons

Article Abstract:

British individual savings accounts (Isas) offer tax advantages and standards outlined by the government called Cat standards.

Standards, Savings accounts

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