Offshore Savings Account

The international savings solution

Investing through an Isle of Man provider offers a UK investor great tax advantages. The Offshore Savings Account from Canada Life International allows your clients to benefit from these and offers them the opportunity to invest regular amounts, and ad hoc lump sums as and when the opportunity arises.

Clients may have fully funded their ISA allowance or pension allowances, or may just prefer the ability to invest in a tax-efficient environment, in a choice of currencies – maybe ahead of a move abroad.

  • The tax efficient growth of an investment based on the Isle of Man for a UK resident means that any growth achieved in the Account is not subject to the UK tax regime. UK tax may apply when any profit is brought back into the UK.
  • Set-up as ten identical policies – providing flexibility when clients want to take lump sums or withdrawals from their investment.
  • Can be denominated in a choice of currencies to suit the investor’s circumstances – sterling, US Dollars or euro.
  • Unlimited free switching between the funds available.
  • The ability to vary the amount being paid, giving flexibility as and when circumstances change.

The fund range available includes over 150 funds managed by Canada Life’s own award winning investment team and other well-known and respected investment companies such as Jupiter, Investec, M&G and so on.

The funds being invested in can be changed at any time without charge.

The value of investments can fall as well as rise and you should speak to a professional adviser to ensure that any investment is suitable for you.

The Offshore Savings Account will appeal to UK investors looking to invest regular amounts in a tax-efficient environment with the ability to pay additional amounts at any time.

Interested in More? Why not Look At...

Delta Account

Investing does not have to be complicated


Domiciled in Isle of Man
"Olive has been saving for her retirement and has built up significant provision in her existing arrangements and her fund has now reached the lifetime allowance"
Find an adviser

Contact us to find out more

United Kingdom
0345 606 0708

01624 820200

United Kingdom

International (Isle of Man)

International (Dublin)

Read the full

This website is for UK professional advisers only and is not approved for use by private customers.

Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised and regulated by the Financial Conduct Authority.