Virtual tax free growth - Known as ‘gross roll-up’, investments can grow free of year on year capital and income tax charges. 

No Capital gains on switching funds - Fund switches within these wrappers do not trigger a capital gains tax liability – unlike their on shore equivalent. 

Tax deferral or avoidance - Up to 5% of the capital can be withdrawn annually with no immediate tax liability. The 5% slices can be accumulated over a number of years and withdrawn together - again, with no immediate liability to income tax. There is no liability to Capital Gains Tax at any time. 

Inheritance tax planning - Offshore wrappers can be a great help when used under advice to mitigate inheritance liability together with a Discounted Gift Trust. 

Self assessment friendly - As offshore wrappers are non income producing assets they do not have to be disclosed to HMRC until a chargeable event occurs, such as cashing in more than 5% of the bond. 

HBFS uses Offshore Wrappers supplied by Royal Skandia – and we are one of the largest providers of Royal Skandia in the country. This allows us to offer you further benefits which include: 

• Access to an exceptionally wide variety of funds 
• Access to high interest bearing accounts from major UK High Street Banks 
• Low cost trading of Funds