Canada Life
Axa bond flies in the face of HMRC rules
An offshore bond launched by Axa Wealth International in September last year has been criticised by competitors, drawing claims it risks leaving clients open to a 15% deemed gain charge and could damage the wider offshore bond industry.
Tax & Regulation | 28 Nov 13
why expats should care that uk
UK residents with assets of more than £325,000 are not the only ones who might be concerned that the UK’s inheritance tax threshold is failing to keep pace with inflation: expats, for example, ought to be studying the matter as well.
canada life continues trail commission
Canada Life has announced it is to continue to offer trail commission on both is offshore and onshore bonds sold in the UK.
Tax & Technical | 12 Sep 13
after the climb relief
For UK residents spending time abroad, holding investment bonds can be a good way to avoid paying unnecessary UK tax. However, legislation from HMRC calls for a new calculation. Though deemed ‘not overly complex’, it’s not exactly simple either.
Profiles & Comment | 15 Aug 13
hmrc provides welcome clarification
Jeremy Pearson, technical support manager of Canada Life, looks at how HMRC has resolved a key area of uncertainty in the realm of discounted gift trusts and says why it’s good news