Lee Byers Asks Would You Be Better Off Offshore?
Well, the time for debate is over in the UK apparently, and it's now up to British citizens to make their minds up about which government they want to elect and which tax hikes they therefore want to adopt.
A highly respected think tank has analysed ways in which the budget deficit in the UK can be brought under control, and it has revealed that there will have to be serious and sustained tax increases on every individual household in Britain to bring debt back to anywhere near a manageable level.
So, this begs the question, would you be better off offshore? I.e., would you be better off if you packed your bags, moved abroad, worked overseas and managed your money offshore as is entirely legitimate for many expats to do? In this report we look at the likely reality of life in the UK over the next decade, versus the offshore and expatriate benefits and advantages you could enjoy if you moved abroad.
Who would you trust more, power hungry men in suits on a podium desperate for your vote, or an independent think tank looking at how the economy in Britain can be brought back under control? Well, assuming you'd plump for the independence of the latter, the National Institute of Economic and Social Research has identified that income tax will need to rise by 6p on the basic rate if the budget deficit is to be brought under control by 2020.
Furthermore, it has identified that the government's predicted economic growth rate for this country is over-confident, and that unemployment is likely to continue rising.
Most people in the UK know these facts to be accurate - although many are still 'hoping' that a newly elected government can pull some sort of economic recovery rabbit out of a hat and make all the debt and recessionary worries go away.
If you feel that that is an unlikely scenario and you instead want to do all you can to shield yourself from the ongoing economic fallout in the UK and throughout the eurozone, you are gifted with choice and freedom to act upon your choices. I.e., you don't have to stay around in the UK waiting for the inevitable tax increases and job cuts, you can choose to make a new life for yourself and your family and move abroad. You can then work and earn your income in another nation and another currency, and perhaps manage any accumulated wealth you already have in the tax-free offshore world. You may also be able to benefit and boost your income by saving and investing offshore and enjoying the many perks that go along with that - from tax deferral to far greater choice.
Without the erosion of taxation on your already saved and invested income you can image how much of a booster your finances will receive. If you move abroad to a country where you do not pay tax on any money you earn or hold offshore - i.e., outside of that country - that tax-free savings is exactly a benefit you could potentially enjoy. What's more, as mentioned, there is so much more choice for the management of your wealth offshore.
You have structures that are available for the offsetting of inheritance tax, you have ways you can protect your assets, and you have so much variety when it comes to the funds and accounts, financial institutions and even fund managers who can benefit your fiscal status.
Or - you can stay living in the UK, face ever increasing taxes, ever greater job insecurity, you can watch as the country enters a double dip recession, the housing market carries on its sluggish progress and as our children grow up to mountains of debt, an underfunded NHS where managers eat up the cash that should be going into front line services, and where education is probably worthless because you can't find a job at the end of your schooling!
Isn't it time you thought long and hard about your very real choices and started making the decisions that will allow you and your family to have a better, more fulfilled life? If you want to learn more about how 'going offshore' could work for you once you're an expatriate, feel free to contact us and we'll put you in touch with a wealth manager who can talk you through your options and the potential advantages open to you of going offshore.
Why Lee Byers Recommend HSBC Premier Offshore
Like you, we at Lee Byers take expatriate financial security seriously.
HSBC Bank International has over 40 years experience in helping individuals protect and grow their wealth in the secure offshore jurisdiction of Jersey, one of the World's most respected financial centres.
And, along with a wide range of offshore products and services, they also have qualified experts in key expat locations who can provide specialist help and advice.For more information about HSBC Bank International's expatriate banking services...
A highly respected think tank has analysed ways in which the budget deficit in the UK can be brought under control, and it has revealed that there will have to be serious and sustained tax increases on every individual household in Britain to bring debt back to anywhere near a manageable level.
So, this begs the question, would you be better off offshore? I.e., would you be better off if you packed your bags, moved abroad, worked overseas and managed your money offshore as is entirely legitimate for many expats to do? In this report we look at the likely reality of life in the UK over the next decade, versus the offshore and expatriate benefits and advantages you could enjoy if you moved abroad.
Who would you trust more, power hungry men in suits on a podium desperate for your vote, or an independent think tank looking at how the economy in Britain can be brought back under control? Well, assuming you'd plump for the independence of the latter, the National Institute of Economic and Social Research has identified that income tax will need to rise by 6p on the basic rate if the budget deficit is to be brought under control by 2020.
Furthermore, it has identified that the government's predicted economic growth rate for this country is over-confident, and that unemployment is likely to continue rising.
Most people in the UK know these facts to be accurate - although many are still 'hoping' that a newly elected government can pull some sort of economic recovery rabbit out of a hat and make all the debt and recessionary worries go away.
If you feel that that is an unlikely scenario and you instead want to do all you can to shield yourself from the ongoing economic fallout in the UK and throughout the eurozone, you are gifted with choice and freedom to act upon your choices. I.e., you don't have to stay around in the UK waiting for the inevitable tax increases and job cuts, you can choose to make a new life for yourself and your family and move abroad. You can then work and earn your income in another nation and another currency, and perhaps manage any accumulated wealth you already have in the tax-free offshore world. You may also be able to benefit and boost your income by saving and investing offshore and enjoying the many perks that go along with that - from tax deferral to far greater choice.
Without the erosion of taxation on your already saved and invested income you can image how much of a booster your finances will receive. If you move abroad to a country where you do not pay tax on any money you earn or hold offshore - i.e., outside of that country - that tax-free savings is exactly a benefit you could potentially enjoy. What's more, as mentioned, there is so much more choice for the management of your wealth offshore.
You have structures that are available for the offsetting of inheritance tax, you have ways you can protect your assets, and you have so much variety when it comes to the funds and accounts, financial institutions and even fund managers who can benefit your fiscal status.
Or - you can stay living in the UK, face ever increasing taxes, ever greater job insecurity, you can watch as the country enters a double dip recession, the housing market carries on its sluggish progress and as our children grow up to mountains of debt, an underfunded NHS where managers eat up the cash that should be going into front line services, and where education is probably worthless because you can't find a job at the end of your schooling!
Isn't it time you thought long and hard about your very real choices and started making the decisions that will allow you and your family to have a better, more fulfilled life? If you want to learn more about how 'going offshore' could work for you once you're an expatriate, feel free to contact us and we'll put you in touch with a wealth manager who can talk you through your options and the potential advantages open to you of going offshore.
Why Lee Byers Recommend HSBC Premier Offshore
Like you, we at Lee Byers take expatriate financial security seriously.
HSBC Bank International has over 40 years experience in helping individuals protect and grow their wealth in the secure offshore jurisdiction of Jersey, one of the World's most respected financial centres.
And, along with a wide range of offshore products and services, they also have qualified experts in key expat locations who can provide specialist help and advice.For more information about HSBC Bank International's expatriate banking services...
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