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HOW OFFSHORE BANKING WORKS

When you think of the term ‘offshore banking’, you’re probably associating it with the ever-looming stigma of tax evasion. But in reality, nothing could be further from the truth. Taking advantage of offshore banking and its benefits is perfectly legal in most countries worldwide. But what exactly is an offshore account? And how does it […]

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The Impact of a Recession on Your Pension

The stock market is beginning to show signs of life as measures introduced to help businesses amid the pandemic begin to take hold, but much is still uncertain. There’s no doubt that the pandemic has affected most people’s finances. From the Bank of England’s decision to reduce its rates, to the potential loss of earnings […]

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THE EXCLUSIVE WORLD OF LUXURY PROPERTY

When you think of luxury property, custom architecture, attention to detail and opulent finishes come to mind. It’s no surprise high net-worth individuals who are considering acquiring luxury property, are also looking for access to luxurious activities such as high-end dining, shopping and the arts. James Turner, Director at company formation specialists, Turner Little, says: […]

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Off shore banking; Breaking the taboo

Offshore Banking: Breaking The Taboo

It’s not what you think. Offshore banking is often slandered, and most commonly associated with tax evasion. But this begs to question – what do people really know about offshore banking? James Turner, Director at York-based Turner Little tells us everything we need to know about offshore banking. “Offshore banking, simply put, is banking done […]

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It’s a matter of trust

As financial portfolios become more complex, financial trusts are becoming increasingly common, because they can be shaped to serve a variety of purposes. Trusts are routinely used as tools for gifting, asset management, inheritance tax planning and protection from creditors. They can be established whilst those involved are living, or can be included in a […]

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The impact of Brexit uncertainty on offshore banking in the UK

As the uncertainty surrounding Brexit continues, many are looking for clarity on what leaving the EU might mean for their businesses before carrying out investment plans. The UK was once considered a jurisdiction that offered benefits to foreign investors including a stable political and economic situation, but the continued uncertainty is leading individuals and businesses […]

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Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.