The two new bonds now available on Macquarie Wrap are Axa Isle of Man Evolution Bond and Axa Isle of Man Estate Planning Bond.
It cited the reason as the recent increase to Capital Gains Tax rates causing renewed interest in offshore bonds from financial planners looking to maximise tax efficiency across their clients’ portfolios.
Macquarie’s head of distribution, John Porteous, explained that the Axa Isle of Man bonds are in addition to the Canada Life offshore bond.
