Aug 25, 2026 · 50 min · 14 segments
Naila has worked in Financial Services since 2007 in roles ranging from Private Banker to Wealth Manager. During our conversation Naila shares with us different types of possible investments and how…
Naila MirzaGuest
Chantal BakerHost
Matthew BakerHost
One of the products that I am aware that you know about and some clients assume wrongly about is offshore bonds.
When I mention offshore bonds, obviously, I'm not a financial advisor, so I can't advise.
And when you sort of mention it to people, people automatically assume, oh, no, I can't have offshore bonds.
Tell us a little bit more about offshore bonds, because from an accountant and tax consultant, offshore bonds are a great asset.
But tell us a little bit more about it from your point of view of a financial planner's point of view.
So I think that's very common assumption people make that you have to be living outside of UK to apply for an offshore bond, which is not how it is.
Mostly, I will say it works for people who have built accumulated savings over the years and and they don't need to have all the money available to them immediately.
What it allows you to do is it allows you to make 5% withdrawals each year which are tax deferred, not tax free.
And you can do that for up to 20 years before you have to pay the tax on there.
The idea that people, the reason people do this, they're hoping there might be a higher rate, additional rate taxpayers, but maybe in the next 20 years, they are going to, they may not be in the same tax bracket in the future.
So when it does come to paying on the returns you have made, hopefully you'll be able to benefit from the basic rate tax brackets.
But essentially, I have seen this with a number of my clients, especially when I was at Coutts as well.
One of the products that I am aware that you know about and some clients assume wrongly about is offshore bonds.
When I mention offshore bonds, obviously, I'm not a financial advisor, so I can't advise.
And when you sort of mention it to people, people automatically assume, oh, no, I can't have offshore bonds.
Tell us a little bit more about offshore bonds, because from an accountant and tax consultant, offshore bonds are a great asset.
But tell us a little bit more about it from your point of view of a financial planner's point of view.
So I think that's very common assumption people make that you have to be living outside of UK to apply for an offshore bond, which is not how it is.
Mostly, I will say it works for people who have built accumulated savings over the years and and they don't need to have all the money available to them immediately.
What it allows you to do is it allows you to make 5% withdrawals each year which are tax deferred, not tax free.
And you can do that for up to 20 years before you have to pay the tax on there.
The idea that people, the reason people do this, they're hoping there might be a higher rate, additional rate taxpayers, but maybe in the next 20 years, they are going to, they may not be in the same tax bracket in the future.
So when it does come to paying on the returns you have made, hopefully you'll be able to benefit from the basic rate tax brackets.
But essentially, I have seen this with a number of my clients, especially when I was at Coutts as well.
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