Posted on April 12, 2010.
What accounts offshore interest on deposits best rates? My husband and I are looking for where we can get the best rate of interest on our accounts abroad.
Interesting higher = higher risk (for example, rates of exchange) ..
.. also throughout the EU, the HMRC (Inland Revenue) will catch up with you (possibly) and the tax away all the little extra interest you could receive ..
.. outside the EU is still OK, but HMRC trace all normal bank transfers (SWIFT, etc.) in excess of about £ 10,000 .. and any "suspicious" sequences (eg 100 transfers £ 1000) .. and new tax, the percentage of you ...
It is only worth moving outside the United Kingdom in cash if you expect to spend outside the UK (eg in preparation for departure, for example. Retreat outside the UK) since HMRC will continue to tax you on the heritage of the United Kingdom for 3 years after having emigrated ...
Manx
