Offshore Savings Account A simple, tax-efficient savings plan At a glance Product details Client stories Adviser resources Introducing our Offshore Savings Account A flexible, tax-efficient way to build up savings. Choose to make a regular minimum payment of £500 a month, or single payments of £7,500. There’s no limit to the amount you can invest and you can make extra payments as and when you like. This account could be ideal for anyone who’s already used up their ISA or pension allowance or who wants to invest in a tax-efficient way. Key benefits Tax-efficient growth on your account Open an account with just £500 a month Hold your investment in sterling, euro or US dollars Option to take regular and ad-hoc withdrawals The value of your investment can go down as well as up and you may get back less than you invest. Tax rules depend on the type of investment and individual circumstances and may change. How it works Is it right for me? This account could be right for you if: You’re aged between 18 and 89 years old You want to make regular monthly savings of £500 or single payments of £7,500 You’re happy to save for at least a three years or more You’ve already used up your annual ISA or pension allowance You’ve got other savings and investments to rely on You want to generate a capital lump sum, an income, or both This account might not be right for you if: You have less than £500 a month to save You haven’t used up all of your ISA allowance You might want to withdraw all of your investment straight away You can’t afford to lose the amount you invest This product has won 3 awards. Need an adviser? Get a tailored quote for this product from a financial adviser. To find one, visit Unbiased. Find an adviser Fund centre Explore all our available funds. See our price lists, fund performance, factsheets and more. Learn more Compare investment products Select Account Premiere Account Premiere Europe Account Delta Account Elite and Prestige Accounts Offshore Savings Account Issued from Canada Life (UK) Canada Life International (Isle of Man) Canada Life International Assurance (Ireland) Canada Life International (Isle of Man) CLI Institutional (Isle of Man) Canada Life International (Isle of Man) Minimum initial investment £5,000 £50,000 £50,000 £3,000 £1 million Zero (or £7,500 if regular premiums are not used) Regular premium option No Yes, minimum of £2,500 a month Yes, minimum of £2,500 a month No No Yes, minimum of £500 a month Investment choice Over 150 insured UK life funds Any permissible fund plus cash deposits and the segregated portfolio service Any permissible fund plus cash deposits and the segregated portfolio service Over 150 insured Isle of Man life funds Any permissible fund plus cash deposits Over 150 insured Isle of Man life funds Maximum number of sub-policies 999 99,999 99,999 10 998 10 Bond currency £ £ $ € £ $ € £ $ € £ $ € £ $ € Free fund switching Yes No No Yes No Yes Platform / DFM links No Yes Yes No Yes No Capital redemption option No Yes Yes No Yes No Learn more Learn more Learn more Learn more Learn more Learn more Also worth knowing Can I change my policy once it’s set up? How will I know how my investment is doing? What happens if I die? Can I change my mind and cancel my account? What happens if I move abroad? Client documents Key features Offshore Savings Account key features Client guide Offshore Savings Account client guide Next steps Need an adviser? Get a tailored quote for this product from a financial adviser. To find one, visit Unbiased. Find an adviser Customer support Find answers to commonly asked questions, helpful links, tools and contact details. Customer support Get in touch Call customer services 0333 015 1382 or send an email Monday – Friday 9am to 5pm Other contacts News & Insights Corporate Our websites Site information Find help Twitter Linkedin Youtube © 2021 Canada Life UK. All rights reserved Legal statement