noobexpat

Don’t use this ....use our's instead! Come on don’t be naive. Fear sells. Added: no mention of maturity dates, right? no need to reply i already know the answer.

Fair enough for reading the literature but you don’t actually understand when, why and who they are for. Because how could you? Offshore bonds are not just used in connection with periods of non UK residency. They can also be suitable for people for have never left the UK and never will. Confused? So what else don’t you understand about them. Everything really. You focus on exit charges but what about enhanced allocation, for example. Personal finance is a strange subject. It brings out some peculiar over-confidence in folks.

No doubt similar to our offshore bonds, which don't have one and every other offshore bond i've ever seen. So lets see these policy terms.

Give me the product name. Hope you don't mean investment bonds, because they have no maturity date. They are sometimes to referred to as life insurance bonds and thats what you are incorrectly referring to, no doubt.

Incorrect. In fact more nonsense! The wrapper is called a non qualifying investment bond. We use onshore and offshore versions. Typically there is no initial charge but a sliding scale 6 year penalty that reduces by 1% pa. You are not locked into them at all. Some have enhanced allocation. These plans are 99% used for IHT planning. But you won't know why. Its because they are not income producing and when created within a trust, which avoids trust taxation. So many amateurs here. Why the guesswork guys??

Total nonsense. There is no investment product in 2024 that even has a fixed term. This is the over age 70 folks with their only experience being endowment "policies" from the 90's with their "maturity dates". A qnups will likely have an admin fee for closure. A fixed amount, somewhere between £50 and £1,500. Standard practice.

I get the impression you're funding this qnups with cash, as opposed to a transfer. Makes a lot more sense now.

Not needed for your £500 month pocket change savings, but when you get to the £millions, strangely enough finances can get a bit more complex. Yes, nearly all boomers. But a lot of age +40's are into the £m ...like myself

As you won't understand what this actually is, its just the unused transferable nil rate band allowance being made available to a non dom spouse on 2nd death.

A lot of this doesn't make sense, except the non-dom bit. You talk about IHT then a qnups - but there is no IHT on pension funds anyway So ...?? Pension funds only have death benefits. This reference to "uk citizen" ...there is no such TAX term. So ...??? The bit about anything above £325k being subject to iht is a bit daft as there are a whole suite of solutions. Both your accountant and solicitor confirmed something about IHT?? Sounds fishy. So a pension transfer for IHT purposes but its not subject to IHT anyway. Aware of pre and post age 75 death benefits??

And they also won't be using decades old terminology either. You're 30 years behind the curve. Horizon wealth in the link above using a DFM, for example.

Commission and policies ??? - the 1990's wants its words back lol The era of endowments ended decades ago which is where these terms came from. FYI, commission has been barred in the UK for many years, as an example.

Fund managers come and go but its time that makes investors rich. I've seen 800% gain in 30 years from a clients mutual fund. I'll still be under 80 in 30 years 😉

When you have no knowledge but go for it anyway 555

Not in the UK they can't. And not for the past +40 years. You need to have FCA controlled function 30 authorisation. Even has a wiki page... https://en.m.wikipedia.org/wiki/FCA_Controlled_Functions

Calculus - specifically integration with limits. Used for calculating the volume inside a non-linear shape. As the limits are pi/2 and -p/2 ...pi is radians not 3.141 ...its clearly the volume inside a 360 degree shape - something like an arced tube. As the final upper limit is 'bwL' the answer cannot just be a number, using that screenshot. I suspect the text book then moves into the rate of flow of a fluid through this shape and uses differentiation, another branch of calculus.

15k baht interest pa is in the insignificant category. I keep way more than 800k in the account but don't need it for elite visa. 1.8% meh who cares. Not me.

WIFM?

I can actually calculate the consequences. But for you ....not a chance.

Nonsense as usual.

And faster wifi to degrade everyone on here! Thats why i have fiber

I think we could be friends. No teeth picking though!

With your arthritis? 😆

They are not bothered? ...you asked them all? dumb comment

If its all they can afford then why is there usually a lady in tow? Its a shame they can't make an effort like the women do. Both visually and socially. They shame they must endure, being seen with these scruffy people.