Off Shore Investment
An offshore investment is one which is held, literally, offshore i.e. not under United Kingdom jurisdiction.
If you invest in an 'onshore' bond then the fund manager will be liable to pay certain UK taxes on the underlying fund, which as well as being non-reclaimable, will also hold back the growth of your investment. An 'offshore' bond is liable for no UK tax and therefore grows virtually tax free.
Offshore Investors
UK citizens living abroad, for example an English person now living in Spain (expatriate).
The Financial Services Authority does not regulate some forms of off shore products.
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