| For many people the concept of 'offshore'
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| | whole twelve months of compound interest
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| is something clandestine, available only
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| | giving our savings even greater growth
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| to the excessively wealthy or those
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| | power which makes saving offshore
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| seeking to evade taxation. In reality
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| | advantageous even when we ultimately do
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| 'offshore' as a financial concept simply
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| | have to pay tax on the gains we derive
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| means placing money, wealth or assets in
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| | from our savings.The offshore savings
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| a country other than the one in which you
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| | accounts that offer the highest rates of
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| live.Naturally enough those high net
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| | interest are available to those in a
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| worth individuals who place money
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| | position to regularly save large amounts
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| offshore usually do so to take advantage
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| | monthly.Basically the more you can afford
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| of the favourable taxation regimes
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| | to save the higher the rate of interest
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| available in so called tax havens - but
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| | you will be given, the higher the rate of
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| even for the likes of you and me there
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| | interest the greater the compound growth
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| are advantages to the offshore world that
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| | you can earn and the harder your money
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| we can all benefit from.For example -
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| | will work for you.A number of leading
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| offshore savings accounts are a type of
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| | international banking providers offer
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| simple savings vehicle that can allow any
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| | offshore savings accounts that are easily
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| of us to either save a regular monthly
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| | accessible and secure. For example HSBC
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| amount or a lump sum, earn higher rates
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| | is one global brand that most people are
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| of interest from some offshore providers
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| | familiar with - you can open an account
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| than we could if we saved 'onshore' with
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| | with HSBC offshore from a high street
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| the local bank - and what's more, we can
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| | branch and then have full access to your
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| earn our interest gross and only pay tax
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| | account and growth statistics online
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| on it once annually which allows for
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| | whenever you want making it so simple to
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| extra compound growth in the interim
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| | open an offshore account and even more
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| which can give our savings a little extra
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| | simple to keep an eye on it.Gone are the
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| boost.Yes, I did mention paying
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| | days when saving and investing offshore
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| tax...Most of us still have to pay tax on
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| | was complicated, clandestine and the
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| any income or gain that we derive even
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| | realm of the super rich or the super
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| from investments or savings that are
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| | criminal - and we herald the arrival of
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| placed offshore.We are under an
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| | an accessible concept of offshore from
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| obligation to tell our local tax
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| | which we are all welcome to
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| authority about any offshore savings
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| | benefit.Rhiannon Williamson writes about
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| accounts we have when we make our annual
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| | making the most of your money to secure
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| declaration to the IRS or HM Revenue and
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| | your future financial security. Visit
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| Customs. But because taxation is not
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| | her site to read more about offshore
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| deducted at source on the majority of
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| | saving accounts and straightforward
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| offshore savings accounts we have up to a
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| | personal financial development.
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