Turner Little’s guide to offshore savings accounts

Offshore savings accounts are familiar to most people through media reports of celebrity scandals involving tax avoidance. However, the reality is that offshore account holders do have to pay tax, but there are other benefits that make them a good option.

Contrary to popular opinion, you don’t have to be massively wealthy to take advantage of these benefits. We’ve put together a quick guide to offshore savings accounts.

The simple guide to offshore accounts

We’ve put together this guide to offshore accounts, to help you decide whether it’s something you should include in your financial planning.

You may have read about high profile celebrities ostensibly using offshore bank accounts to get out of paying tax, but it’s not that simple and that is not a reason to have an offshore account. You’re generally liable for tax on the interest earned on your savings in the same way as you would be in the UK. Here’s how they work.

Read the guide in full on the Turner Little Blog.

5 reasons to open offshore bank accounts

If you’ve always thought that off-shore bank accounts don’t sound quite legitimate when it comes to holding your savings and assets, you might be surprised.

There are many reasons why opening an off-shore bank account could be the right choice for you. To explain a bit more, we’ve come up with five reasons why you should open your own off-shore bank account.

Read the full article here.

How Small Businesses Can Lower Their Corporation Tax Bill

If you run a limited company, no matter the size of your operations, you are required to pay 20% corporation tax on your profits to HM Revenue & Customs (HMRC). Helping you reduce this financial burden, Turner Little explains how to lower your corporation tax bill as a small business owner.

Read the full article: How Small Businesses Can Lower Their Corporation Tax Bill

What Should You Consider When Opening an Off-Shore Account?

Despite often attracting “bad press”, establishing an off-shore bank account can provide you with the effective means to manage your assets particularly when you live, work or buy property abroad or routinely transfer money between international accounts or currencies.

Turner Little outline the key considerations when opening an off-shore bank account.

Read the full article here.

Company Registration Agents

Company Registration

Turner Little are established Company Formation Agents, Banking Intermediaries and Business Consultants with over 25 years experience assisting clients both in the UK and Overseas.

Our ability to provide innovative corporate structures and banking facilities both in the UK and Offshore and our commitment to an excellent service level have earned us an enviable reputation.
Our specialist knowledge and broad experience enable us to assist clients with the formation of all UK company types, including Private Limited Companies, PLC, Guarantee Companies, Charity and Community Interest Companies as well as LLPs. Overseas we are able to incorporate offshore companies in a significant number of jurisdictions either through associate offices or through our own government licensed company in that jurisdiction.

Our clients are located and operate on a global basis and in a range of industrial sectors. Often they have complex business or personal taxation considerations which can benefit from our knowledge or expertise.

UK Limited Company

We are able to provide a complete business solution, beginning with the formation of your UK Limited Company, through to Banking Arrangement, Business Consultancy, provision of Company Secretary and Registered Office Address and including Accountancy facility.

The UK Limited Company is the most popular type of corporate entity used in the UK today and provides owners with limited liability protection to ensure the safety of their personal cash, home and other personal assets.

All companies are available either with your own choice of name (subject to availability), or also as a ready made UK limited company.