Do I need an offshore pension scheme
An offshore pension scheme is something that can be set up privately as an investment opportunity for one’s retirement years. A pension scheme can be established through any bank branch that offers pensions, in both an onshore and offshore setting.
DeltaQuest offer a wealth of advice and guidance on offshore accounts and funds, and can recommend the best offshore financial opportunity for your personal needs. For more information, please Contact DeltaQuest.
Offshore pension scheme explained
Many jurisdictions internationally offer tax-free pensions combined with a number of other advantages that appeal to people living in high-tax countries. Offshore pensions offer individuals the opportunity to apply a variety of techniques to saving towards retirement, including tax-free pensions contributions, tax-free investment gains and tax-free proceeds. All of these elements combined encourage many individuals to set up an offshore pension scheme.
Offshore banking is now a modern business and technology such as e-banking has assisted in the speed and accuracy of services provided. Many offshore banks provide pension schemes as part of their services, and provided you meet the stipulated requirements, it can be relatively straightforward to set up an offshore pension scheme.
However offshore pension schemes are not exclusive to residents of high-tax countries. They are also appealing to expatriates, residents in high-tax countries who intend to become non-resident on or before retirement, and residents living in low-tax countries. This is because many offshore jurisdictions offer high levels of banking safety, and therefore placing your funds overseas offers enhanced financial security.
Print This Post
