Offshore Bond & Discretionary Management - Tax-deferred allowance?
Paraplanning831
Member
Hi all, just a query regarding discretionary management charges applying to a GIA held inside of an offshore bond (Dublin based). Would the discretionary charge be counted against the client's available tax-deferred allowance on the bond or would this be exempt?
Thank you
Comments
It depends on the agreement made with the bond provider. Is it an investment management agreement or an adviser charge agreement.
Investment = no, adviser = yes