Re: In the City of London (ie. nr. Liverpool Street) - 'offshore' bank accounts? tax free?


ChrisHollandisback@xxxxxxxxx wrote:
Could I walk into a major bank in the City (with my passport) and a
couple of grand and whack it in a high interest offshore account (that
isn't taxed).

How do I withdraw money?

How do I know they won't rip me off.. I presume, being outside the uk..
they are ..by definition not regulated by any UK bodies...

but then again they are high street major megamultinational famous
companies... they must be kosha...

the highest rate I have seen on the high street is about 5%-7% ...




Also, if the police arrested me for say, war crimes.. could they freeze
my assets (like they can here if they think I am selling heroine -
which I am not)

Whilst tax may not be deducted from such an account, you are still
liable for UK income tax on it if you are a resident.

.