What offshore accounts have the best interest rates on deposits?
My husband and I are looking for where we can get the best interest rates on our offshore accounts.
Other - Business & Finance - 2 Answers
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Answer 1 :
Manx
Answer 2 :
Higher interest = higher risk (eg exchange rates) .. .. also anywhere in EU the HMRC (Inland Revenue) will catch up with you (eventually) and Tax away whatever tiny extra Interest you might receive .. .. outside EU is still OK, however HMRC will trace all normal Bank Transfers (SWIFT etc) in excess of approx £10,000 .. and any 'suspicious' sequences (eg. 100 transfers of £1,000) .. and again Tax the percentages off you ... It's only worth moving cash outside UK if you expect to spend it outside UK (eg in preparation for leaving eg. Retiring outside UK) since HMRC will continue to tax you on UK assets for 3 years after you emigrate ...
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