Offshore Savings Account

The international savings solution

Investing through an Isle of Man provider offers great tax advantages for a UK investor. 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.

  • Potential for capital growth without the underlying investments being subject to the UK tax regime.
  • 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 euros.
  • 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 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. It can also be used for estate planning purposes.

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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.