Offshore portfolio bonds
An Offshore Portfolio Insurance Bond can be used for tax, estate and probate planning purposes in many countries. A single premium is paid to an insurance company by an individual through the transfer of his or her investment portfolio and/or a cash sum to the insurance company.
The insurance company becomes the portfolio's beneficial owner although it will delegate the management of the assets to New Star according to an investment mandate agreed with the private client. The income and gains arising in the bond are not assessable on the individual taking out the policy because they arise to the insurance company as portfolio's beneficial owner. The Private Client team can discuss the steps to be taken if this product is of interest.
