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The UK research library on offshore bonds
Everything PPLI.com publishes on offshore bonds and private placement life insurance under UK law: how the policy is taxed, what it may hold, how it sits with inheritance tax and trusts, what protects it and who can see it. Each piece cites the statute or the HMRC manual paragraph it rests on. Start with the three guides below, browse by benefit, look a term up in the glossary, or search the index.
In the UK library
UK articles18
Benefit guides5
Calculators7
Tax year2026/27
Counts are of UK pages listed on this page. Research checked 20 October 2026; rates that start later are labelled with their start date inside each piece.
Filters the index at the foot of this page by title, topic and section. Press Enter to jump to the results.
Written for UK residents and UK-connected families, under UK law. Readers who are US taxpayers should use the US PPLI Library instead, because US law treats the same policy differently.
Start here
Three guides to read first
Start here
What is an offshore bond, and what does private placement add?
The same contract, made to measure: what UK law makes of it and where the line is
Tax efficiency
Offshore bond tax in the UK: one bill at the end instead of one every year
Gross roll-up against income tax on the gain, with a calculator
The comparison
Onshore vs offshore bonds: which investment bond suits a UK taxpayer?
The 20% credit against gross roll-up, worked for 2026/27 and 2027/28
By benefit
Five benefits, read under UK law
Tax efficiency
Deferral, the gain and its timing
Chargeable event gains and top-slicing relief on an offshore bondThe 5% withdrawal allowance: tax-deferred, not tax-freeMoving to, returning to or leaving the UK with an offshore policyOnshore vs offshore bonds: which suits a UK taxpayer?Offshore bond vs ISA, GIA and pensionOffshore bond charges explainedFormer non-doms, new arrivals and the FIG regimeAll UK tax researchInheritance tax and succession
Estates, trusts and gifts
Inheritance tax on an offshore bond after April 2025: the long-term residence testLoan trusts and discounted gift trusts with an offshore bondPensions and inheritance tax from April 2027All inheritance tax researchAsset protection
Creditors, divorce and insurer failure
If an offshore life insurer fails: policyholder protection for UK residentsAll asset protection researchPrivacy and reporting
Who can see a policy
What HMRC learns about an offshore policyReading a chargeable event certificate, line by lineAll privacy and reporting researchInvestment flexibility
What the policy may hold
The personal portfolio bond rules: why a bespoke PPLI portfolio fails for UK residentsSwitching funds, managers or insurer inside a UK-taxed policyAssigning an offshore bond: gifts, spouses, trusts and salesCapital redemption bonds: no life assuredAll investment flexibility researchJurisdictions
Where the policy is issued, and what changes
For a UK resident the tax is the same wherever the insurer sits: a foreign policy, no basic-rate credit, no FSCS cover (unless the policy is written through a UK branch). What differs between the Isle of Man, Guernsey, Jersey, Ireland and Luxembourg is the regulator, and the protection if the insurer fails.
Jurisdictions
Jurisdictions for UK residents
Isle of Man, Guernsey, Jersey, Ireland and Luxembourg
Asset protection
If an offshore life insurer fails
Compensation schemes, trust conditions and custody, jurisdiction by jurisdiction
The pillar
Ordinary bond or bespoke policy?
A UK offshore bond, US-style PPLI and a continental dedicated fund, side by side
Calculators
Calculators for your own numbers
For testing your own figures before you speak to your adviser. The top slicing relief calculator follows HMRC's own method; the others are models, and none of them calculates your personal tax.
Calculator
Offshore Bond Tax Calculator
The gain on encashment, the tax and the top slicing relief, line by line
Calculator
Charges Break-Even
The year an offshore bond beats a portfolio held directly
Calculator
GIA vs Offshore Bond: Tax Drag
What UK tax takes from a portfolio each year
Calculator
Wealth Simulator
A portfolio year by year, after fees, withdrawals and tax
Calculator
Liquidity Event Planner
From gross sale proceeds to invested capital
Calculator
Hedge Fund X-Ray
What a hedge fund leaves after fees and UK tax
Calculator
Private Credit Real Yield
A headline yield after fees, defaults and income tax
Index
Every UK article and guide, one index
Choose a section and type in the search box above; both filters apply together. Dates are months of publication, not confirmation that a rule has since been rechecked.
AllGuidesTax EfficiencyInheritance TaxAsset ProtectionPrivacy and ReportingInvestment FlexibilityNewsCalculators
27 of 27 UK articles and guides
GuideWhat is an offshore bond, and what does private placement add? The UK positionSep 2026GuideOffshore bond tax in the UK: one bill at the end instead of one every yearSep 2026GuideInheritance tax and succession with an offshore policySep 2026GuideAsset protection for UK residents: creditors, divorce and insurer failureSep 2026GuideOffshore Bond Privacy in the UK: Who Can See a PolicySep 2026GuideWhat an Offshore Bond Can Invest In: UK Investment FlexibilitySep 2026GuideJurisdictions for UK residentsSep 2026Tax EfficiencyChargeable event gains and top-slicing relief on an offshore bondSep 2026Tax EfficiencyThe 5% withdrawal allowance: tax-deferred, not tax-freeSep 2026Tax EfficiencyMoving to, returning to or leaving the UK with an offshore policySep 2026Investment FlexibilityThe personal portfolio bond rules: why a bespoke PPLI portfolio fails for UK residentsSep 2026Investment FlexibilitySwitching funds, managers or insurer inside a UK-taxed policySep 2026Inheritance TaxInheritance tax on an offshore bond after April 2025: the long-term residence testSep 2026Inheritance TaxLoan trusts and discounted gift trusts with an offshore bondSep 2026Asset ProtectionIf an offshore life insurer fails: policyholder protection for UK residentsSep 2026Privacy and ReportingWhat HMRC learns about an offshore policySep 2026Tax EfficiencyOnshore vs offshore bonds: which investment bond suits a UK taxpayer?Oct 2026Tax EfficiencyOffshore bonds for former non-doms and new arrivals: what the FIG regime does and does not doOct 2026Tax EfficiencyOffshore bond vs ISA, GIA and pension: where each pound goes once the allowances are usedOct 2026Tax EfficiencyOffshore bond charges explained: establishment, administration, dealing and adviser feesOct 2026Investment FlexibilityCapital redemption bonds: the investment bond with no life assuredOct 2026Investment FlexibilityAssigning an offshore bond: gifts to children, transfers between spouses, trusts and salesOct 2026Privacy and ReportingReading a chargeable event certificate: every line, and what to do with itOct 2026Inheritance TaxPensions and inheritance tax from April 2027Oct 2026NewsAhead of the 28 October Budget: what is already law for offshore bondsOct 2026CalculatorOffshore bond tax calculator: encashment gain and top slicing relief, 2026/27 and 2027/28Oct 2026GuideOffshore bond glossary: the UK terms, in plain EnglishOct 2026
PPLI.com is not authorised by the Financial Conduct Authority and does not give personal advice. This is general information about UK law, not an invitation or inducement to enter into any insurance or investment contract. Policies issued by insurers outside the UK are not protected by the Financial Services Compensation Scheme.
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Checked against UK primary sources. The statutes, HMRC manual paragraphs and regulator pages cited are linked in the text so each statement can be read beside its basis.
Last updated: 20 October 2026
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