Visit the M&G Wealth sponsor area

11th May 2026

M&G: Offshore bonds taxation explained

Offshore investment bonds are widely used in tax and estate planning, but understanding how and when they’re taxed is key. This article explains how offshore bonds are treated for UK tax purposes, including how gains are assessed and the main reliefs that may be available.

Key Points

  • Offshore bonds grow in a virtually tax-free environment which is known as gross roll-up.
  • Individuals can offset their gain against any unused personal allowance, the starting rate of 0% and the personal savings rate if applicable.
  • Individuals may be able to make use of top slicing to reduce the tax payable on the gain.

Read article here 

Tax, Trust & ISA

Registration

Free Registration and CPD

Related Articles_

M&G: Trusts School – Remaining Sessions


There's still time to join the remaining sessions in M&G's Trusts School series. Build confidence in trust planning conversations with practical guidance, technical insights and CII-accredited structured CPD. The series runs until 16 July 2026.

Read More

M&G: Trusts School – Session 3 reminder


Join Session 3 of our Trusts School series to explore key trust types, when to use them, and the pitfalls advisers need to watch for.

Read More

Schroders: 2026 UK Adviser Pulse Survey: Navigating opportunity in a more uncertain world


Insights from our latest Adviser Pulse Survey show how firms are navigating higher volatility through resilient portfolios, broader diversification, and greater focus on tax and estate planning advice.

Read More

You need to be logged in to comment on this article