BRITISH EXPATS

If you are British please read this as you need to take action before you return home:

A Tax Wrapper

•	A Tax Wrapper is a bespoke investment structure with many tax saving/deferment benefits that can appoint a professional investment adviser (JIGSAW) to select investments on his behalf.
•	A Tax Wrapper is Tax Free whilst offshore and there is no personal liability to income tax or capital gains tax whilst monies remain invested when one returns to the UK.
•	A Tax Wrapper allows for withdrawals of up to 5% per annum of the original investment as "income" without any immediate personal tax liability (applicable once back in the UK). Any unused annual 5% allowances can be carried forward to be used in future years. This has the benefit of deferring any potential tax liability for up to 20 years from the original investment date or until full encashment if earlier. As a result, this type of investment can be attractive to higher rate taxpayers.
•	A Tax Wrapper centralises the ownership of the assets - holding investments via an offshore bond centralises the investments in one place which helps to alleviate administration akin to a nominee service or safe custody account.
•	The consolidation of assets into one area, simplifies the process of probate. In doing so, it also opens up the opportunity for the careful application of trusts, and other estate planning vehicles, as assets can be re-assigned without affecting the overall structure of the investment.

Additional benefits

•	Nil dealing costs for Stocks and Shares for discretionary accounts.
•	Free switching and greatly reduced fund charges often Zero up front sales charge.
•	No set up costs.
•	Management fees between 1 & 1.5%pa of initial investment dependent upon complexity of planning.
•	Share markets available to residents of countries that may not be ordinarily able to purchase stock.
•	Property purchases can be made. Although limited to certain jurisdictions.
•	The tax wrapper combines the fiscal advantages associated with breaking legal and beneficial ownership of assets with the controlled advantages of direct ownership.
•	A simple structure, which clients can understand and feel comfortable with.

Please go to http://www.jigsawwealth.com/wrapper.php to find out more or click on contact us