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Innovative and impartial international tax planning, company, trust and pensions services in Gibraltar for private clients, their businesses and their families.
International Life Bonds
An Offshore Bond is a unit-linked insurance wrapper which contains a range of underlying assets.
The STM Life bonds allow you complete freedom to either create your own bespoke portfolio or to appoint an Investment Adviser to manage the portfolio. Alternatively STM Life will appoint an Investment Adviser to the bond.
In most jurisdictions an Offshore Bond is viewed as a non-income producing asset and investments can generally be traded without incurring immediate tax liabilities, other than a small amount of withholding tax deducted at source. This allows you to benefit from tax deferral as taxation charges will not arise until certain withdrawals are taken from the bond or the bond is surrendered.
UK policyholders currently have an added advantage of taking 5% of the initial premium per annum, as a tax-deferred partial withdrawal, without giving rise to an immediate tax liability. This is known as an annual "Permitted Allowance" and if not used then it may be carried forward to the following year.
Read more about our International Life Bonds
