Standard Life International Bond pulls in over £1bn

The firm says offshore bonds are a perfect savings vehicle to sit alongside pensions products such as SIPPs, especially given the increasing limitations on pensions savings vehicles. Offshore bonds are effectively non pensions SIPPs, which give clients access to capital with tax benefits including gross roll up, the potential ability to assign all or part of the bond to a lower taxpayer, plus the ability to use 5% withdrawals to fund items like university fees, it says. Standard Life beleives offshore bonds are good for wrapping in a trust and points to a wide investment choice as ano...