Benefits of an offshore account

Why open an offshore account?

By managing your money offshore you can benefit in the following ways,

-offshore accounts offer a return on the your investment with interest paid gross

-effective tax planning

-accounts and service that can be structured to meet your personal circumstances

Anyone can open an offshore account Henderson Morgan and it could be what you need if you are moving abroad or an internationally active person who travels regularly. It is a simple process and everything can be done online.

Henderson Morgan has a team of experienced wealth management professionals who can help you make the most of a Henderson Morgan offshore account and grow your personal wealth for you and your family.

What is an offshore credit card?

An offshore credit card, linked to an offshore account (link) works almost identically to a visa/MasterCard linked to a high street bank.

An offshore credit cards are accepted in almost 14 million locations worldwide, shopping internationally on the internet and at ATM worldwide to access cash.

An offshore credit card can be either a corporate or personal credit card. A corporate offshore credit card can be used to pay for equipment, expenses and employee salaries for your offshore company. A personal offshore credit card can be used usefully used on holidays or travel abroad.

Many offshore credit cards are expensive to set up with astronomical fees, but you can have a free offshore credit card in $ or GBP with a free priority pass membership, that gives you access for 400 airport lounges worldwide when you open an offshore account with Henderson Morgan.

It is not illegal to have funds offshore; depending upon the jurisdiction in which you live you may be legally obliged to declare these funds. Always consult a Wealth Management professional.

International Mortgages

It can be daunting to find the ideal international finance to move abroad, buy a dream home in the sun or an investment in an up and coming region? Do you go to your local high street bank, a mortgage abroad and expat mortgage or a second mortgage. Do you chose interest only, fixed term....?

The options are endeless, ask Henderson Morgan, for free impartial advice and let us find the right international mortage for you.

UK Inheritance Tax and the 3 year rule

Many people who are UK domiciled, look to lose their domiciled status given the high cost of UK inheritance tax, as this has many advantages for wealth protection. But not many people are aware that even if you lose UK domiciled status, HMRC still considers you domiciled for 3 years after you have left the UK for inheritance tax purposes.

This one simple rule on UK inheritance tax, which has tripped many individuals up, starkly highlights the need for Strategic Wealth Planning, always consult a wealth planning expert.

Tax Evasion is a Criminal Offence

Tax evasion is a criminal offence punishable by serious fines and a prison term in the UK. Any hidden income or gains can be classified as tax evasion by HMRC.

Always consult a wealth management professional before planning an offshore business and/or investment, so you can make the most of low tax jurisdictions without taking the risk of being a tax evader.

Henderson Morgan's team have over 20 years of experience and are ready to help you build your wealth.

Free International Mastercard

Many offshore accounts charge over £100 plus for a Mastercard to access your offshore funds, however, open an account with Henderson Morgan and its free. Allowing you to access your fund worldwide 24/7 from ATMs, for buying goods and services online and shopping worldwide.

It very easy and takes less than 5 minutes to open an offshore account

UK Tax Haven Crackdown

George Osborne is hoping to raise £10 billion extra revenue by signing deals with Liechtenstein, Switzerland and an unnamed Caribbean jurisdiction to disclose information on UK account holders to HMRC.

Where does that leave those that have used offshore accounts or want to in the future? Expert advice from wealth management professionals is crucial.

Henderson Morgan's team of experts have over 20 years experience.

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Are you interested in opening an offshore account and don’t know where to start?

A n offshore account is simply an account outside of your country of residence, often in a low or no tax jurisdiction and provides many financial/tax benefits. Offshore accounts have traditionally been for the super rich, but now anyone can open an account for as little as £250.

A copy of your passport and recent utility bill are all you need to benefit from, asset protection, simplified international trade and travel, estate planning. privacy and a lower tax burden.

All circumstances are individual so please contact a professional for advice regarding how to open an offshore account.

Henderson Morgan