TL;DR An offshore bond is an investment wrapper often used by expats to allow tax-deferred growth while living outside the UK. Although gains are not taxed annually, withdrawals can trigger income tax depending on your country of residence and timing. Offshore bonds are not automatically tax-free and can be complex, particularly when returning to the UK. Used correctly, they can be effective planning tools; used poorly, they can create unexpected tax liabilities. Thinking about investing as an expat and…