Brit savers send money overseas to escape new Rachel Reeves tax grab | Personal Finance | Finance
Many Brits are moving their money into overseas investments to avoid a tax grab by Rachel Reeves, it is claimed.
The move has been driven by a desire to avoid higher capital gains tax rates, as well as the slashing of allowances and frozen income tax thresholds, according to Quilter Cheviot and Waverton.
Savers who buy offshore bonds can grow their investments without immediate capital gains or income tax. At the same time they can withdraw up to 5 percent of the original investment annually…
