ARTICLE · 30 MAY 2012

Where Next For Regular Savers?

Smith & Williamson

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With pensions capped, offshore regular investment accounts offer a tax-efficient alternative for savers.

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Smith & Williamson

With pensions capped, offshore regular investment accounts offer a tax-efficient alternative for savers.

Many investors are facing the prospect of not being able to make further pension contributions or accrue additional pension rights without breaching the new lifetime allowance of £1.5m. Added to this is the Chancellor's decision to effectively stop investment in UK-qualifying savings plans. So, what are the regular savings options now available to those affected?

Planning for the future

Individual savings accounts (ISAs) should be viewed as the optimum savings vehicle after pensions, but another option that may appeal to longer-term savers wishing to save more than the annual ISA allowance is an offshore regular investment account.

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