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Lowest Tax (on Bank Interest) in the World?


Does anyone know of a website where one can find this information? It is easy to find websites about taxes in different countries...but bank interest is sometimes treated differently than "income".
For example: If you received around 拢48k a year in interest (from savings accounts or bonds) where would it be the best place in Europe (or other industrialised country) to live (as far as taxes on savings) be?
The Isle of Man/Jersey (Monaco too expensive) so far looks like the best place to move to...

...well let me expand it a bit....
resident in the UK but looking to relocate...The UK would have been my first choice since I'm not a domicile and my "income" was tax free... however that will change from next April..(change in the law)....Taxes (on bank interest) is the main consideration here...also provided it is an industrialised country...Europe/US/Canada/Australia and so on...and since I have no dependents IHT and death duties are of no importance....

Are you planning on permanently relocating abroad in order to pay a lower rate of tax? There are far more complexities than just how much tax you are paying on savings (unless you are not planning on relocating, but you want an illegal secret offshore account :-o) such as capital taxes, death taxes etc. Also your domicile might have an effect. You are far better off getting professional advice instead of looking at a piece of information on a website or the well meaning but often misinformed 'advice' from Y!A punters.

Any offshore jurisdiction will offer tax without interest on bank accounts held with them. You don't have to live there in order to benefit from this either. If you are outside the UK for more than 163 days per year you can class yourself as non-resident and thus benefit from not paying the tax on your savings and other tax breaks.

However non residence does not automatically guarantee that you should not be paying Tax and you could be liable if you return to the UK and re transfer your funds back. Especially if the funds were generated from the UK in the first place.

My advice is that if you do move abroad open a personal account in the country you will be living in and use that for your day to day banking.

Then, set up a wealth vehicle - a bank account somewhere like the Isle of Man to place spare income you earn whilst overseas. Ideally this should be in a company name (Any jurisdiction company will do BVI/Bahamas etc). and you can still open an account in the Isle of Man with your newly formed company.

This would be your 'nest egg' and is automatically free of UK tax. The company you form does not require full annual returns and you pay a one off administration fee each year to keep it live.

The best start is by looking up 'formation agents' on the Isle of Man in google. Also speak to the 'international banking' sections of any of the big 4 banks in the UK. They should be able to offer additional advice on savings/transferring funds etc.

I chose Isle of Man as this is independent from the UK - unlike Jersey and Guernsey. They are however part of the British Isles and thus conform to UK law regarding the protection of your assets and have several UK banks there.

Try WWW.HEMLOCK.ORG I'm sure they can tell you how to dodge tax permanently,though you'd already know that site wouldn't you.
http://www.youtube.com/watch?v=ynnOq6G29...

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