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Offshore accounts
Posted: Tue Sep 29, 2020 7:15pm
Hi. Does anyone know how offshore accounts work. How easy they are to set up? If you can have your pension paid into them etc etc .
Many thanks
Andy
Posted: Tue Sep 29, 2020 7:47pm
If you are talking about Offshore like Jersey, Isle of Man etc they are very very difficult to get now.
I have had offshore acc's for about 25 years now and they are always asking for clarity (10 page form asking lots in info) as to whether you are still entitled to you use them and they now by law have to send info to the UK authorities due to money laundering/criminal activities.
It is very difficult to keep info from anyone now due to the money laundering/criminal activities.
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