Can I change my policy once it’s set up?

Our Offshore Savings Account is very flexible, and you can easily change things like which funds you are invested in and how much you want to withdraw. You can’t change the life assured but ownership can be changed during the lifetime of the bond by deed of assignment or trust. Talk to our customer services team who’ll be happy to help.

How will I know how my investment is doing?

We’ll send you a yearly statement showing you the value of your investment.

What happens if I die?

If you’re the only life assured then we’ll pay a death benefit, which is the value of your investment plus £100, when you die. If there is more than one life assured, the account can continue until the death of the last life assured when the death benefit will be payable. The claimant may be asked to provide UK or Isle of Man probate at the time. By using a trust with your account, you’ll be able to choose who’ll receive the death benefit when you die, and this also avoids the need for probate.

Can I change my mind and cancel my account?

Yes, you can cancel your investment up to 30 days after you receive your policy information.

What happens if I move abroad?

You’ll need to let us know if you or one of the trustees becomes resident in another country. In most cases we can continue to administer your account without any changes, but there may be countries where we are prohibited from conducting business. If you move to such a country, you may no longer be able to pay any premiums into your Account or switch funds. You might even need to surrender your account. Speak to your financial adviser, as well as your professional tax adviser, if you’re thinking of moving abroad to understand how this might affect you.

Offshore Savings Account

A simple, tax-efficient savings plan

A flexible, tax-efficient way to build up savings. Choose to make a regular minimum payment of £500 a month, or single payments of £7,500. There’s no limit to the amount you can invest and you can make extra payments as and when you like. This account could be ideal for anyone who’s already used up their ISA or pension allowance or who wants to invest in a tax-efficient way.

Is the Offshore Savings Account right for you?

Provides the opportunity to build up savings and increase the value of your investment over time

Hold your investment in sterling, euro or US dollars

Option to take regular and ad-hoc withdrawals

What are the risks?

Your investment is not guaranteed as the value of your investment can go down as well as up. The way funds have performed in the past is no guide to the future and you might get back less than you put in.

Fund Centre

Explore all our available funds. See our price lists, fund performance, factsheets and more.

Need an adviser?

Get a tailored quote for this product from a financial adviser. To find one, visit Unbiased.

Frequently asked questions

Our Offshore Savings Account is very flexible, and you can easily change things like which funds you are invested in and how much you want to withdraw. You can’t change the life assured but ownership can be changed during the lifetime of the bond by deed of assignment or trust. Talk to our customer services team who’ll be happy to help.
If you’re the only life assured then we’ll pay a death benefit, which is the value of your investment plus £100, when you die. If there is more than one life assured, the account can continue until the death of the last life assured when the death benefit will be payable. The claimant may be asked to provide UK or Isle of Man probate at the time. By using a trust with your account, you’ll be able to choose who’ll receive the death benefit when you die, and this also avoids the need for probate.
You’ll need to let us know if you or one of the trustees becomes resident in another country. In most cases we can continue to administer your account without any changes, but there may be countries where we are prohibited from conducting business. If you move to such a country, you may no longer be able to pay any premiums into your Account or switch funds. You might even need to surrender your account.

Speak to your financial adviser, as well as your professional tax adviser, if you’re thinking of moving abroad to understand how this might affect you.