Latest Savings Commentary

How the Bank of England interest rate hike could affect you

Oliver Roylance-Smith / 05 Dec 2017

Last month, the Bank of England raised their base rate for the first time in more than ten years, and by doing so opened the door to increased monthly costs Read More

How to tackle inflation with your savings and investment strategy

Oliver Roylance-Smith / 07 Nov 2017

The latest figures reported by the Office for National Statistics show that inflation reached a five year high of 3% in the 12 months to the end of September. This Read More

Savings Focus: Post Office Online Saver hits the easy access mark

Oliver Roylance-Smith / 24 Oct 2017

The latest version of the Post Office’s popular Online Saver account not only offers a highly competitive rate of interest, but also contains all the features you would expect from Read More

What does an interest rate rise mean for me?

Oliver Roylance-Smith / 10 Oct 2017

Inflation continues at its highest rate in four years, which also means that it continues at a level way above the Bank of England’s 2% target. Despite the Bank’s indication Read More

Latest inflation, wage growth, interest rates and what this means for your savings

Oliver Roylance-Smith / 12 Sep 2017

The latest figures indicate that inflation bounced right back up to 2.9% in the month of August. This means that the headline rate of inflation continues at a level well Read More

Latest Newsletter Articles

Where will the FTSE 100 go from here

Oliver Roylance-Smith / 11 June 2013

Despite the FTSE 100 recently finishing at its highest level since the turn of the century, it still remains a difficult time for investors when deciding what might happen next – will it be cl... Read more

Investment Focus: Investec Enhanced Income Plan

Oliver Roylance-Smith / 28 May 2013

By combining a high fixed income with conditional capital protection, the Enhanced Income Plan from Investec Bank has been our most popular income investment. With the need for income being at the f... Read more

How to de-risk your investments

Oliver Roylance-Smith / 16 October 2012

With the balance of risk v reward being a primary factor when making investment decisions, it is also the case that there are a number of ways of mitigating investment risk. We take a look at one pa... Read more

Savings Account Guides 

SIPP Charges
 Do you know how safe your savings are? Should you choose a fixed rate or a bonus rate? Our useful savings guides could help you to make the most of your money.
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Find out more about offshore banking and tax...

Offshore banking tax is different because interest is payable gross, however, you will have to declare the interest as income, meaning you could still be liable for UK taxes.


It is important to understand the relationship between offshore banking and tax before opening an account. Compare leading international accounts in the table below:
ProviderAccountGross Rate AERTermCurrencyMore Info
   More Info >

* GROSS RATE – The contractual rate of interest payable before deduction of income tax at the rate specified by law.

** AER RATE – AER stands for Annual Equivalent Rate and is the notional rate which illustrates the gross rate as if it was paid and compounded once each year. As every advertisement for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

Offshore banking doesn't necessarily mean you won't have to pay tax on the returns you make – you are still responsible for paying tax in your home country, but offshore banking can give you more freedom to manage your own tax affairs and help to reduce the amount of tax you pay.

Other benefits of offshore banking include:

  • Accounts available in multiple currencies
  • Easy access and transfers
  • Competitive interest rates

So, if you want to find out more about offshore banking tax and how it affects individual accounts, click on the link below to compare leading accounts and find out more:

Offshore Banking Reviews

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