Offshore Saving Plans
deVere & Partners help expatriates find and arrange offshore savings plans
to suit their individual requirements. As independent intermediaries we are able
to offer a wide range of popular saving plans for fixed and open periods.
The plans provide flexibility to accommodate changes to personal circumstances and
can be used to save for any medium to long term objective.
Basic requirements
Offshore savings plans normally require savings of at least £250 per month for a
minimum period of five years and are not available to people living in the USA .
Guidelines for regular saving
Keep back enough cash for emergencies.
Use banks for short term savings requirements.
Start saving at a level you can comfortably maintain for the full savings period.
Offshore saving plans
Savings plans managed by offshore insurance companies are popular with expatriates
because they allow savers to create a portfolio of investment funds from a wide
range of internationally acclaimed fund managers. The plans also allow savers to
make changes to their selected funds whenever they wish.
Available types of fund in USD/GBP/Euro:
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Managed funds
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Fund of Funds
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Equity funds
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Bond funds
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Deposit funds
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Property funds
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Hedge funds
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Withprofits funds
- Specialist funds
Savings plan benefits
Tax benefit
Most expats save their money offshore because they know their money will roll up
free of tax.
Cost averaging benefit
It is a well known fact that (cost averaging) reduces average purchase cost over
time and helps to smooth out the effects of Stockmarket volatility.
Administration benefit
Once a savings plan has been setup there is little for the saver to do unless they
wish to change their funds and this is easily achieved by fax.
Beneficiary benefit
If the saver dies and there are no others sharing ownership of the plan, the insurance
company closes the plan and pays out the total value.
Educational costs
deVere & Partners help expatriates find and arrange offshore savings and investment
plans to provide the money they will need to pay for their children's university
or college education.
Savings and investment
The savings and investment products favoured by most expatriate parents are not
restricted to education planning allowing parents to use the money for other purposes
if required.
All of these products can have life insurance added and wavier of premium to guarantee
a child's education in the event of a parent's early death or unemployment.
Plan now
Start saving now or put away a lump sum to cover the cost.
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