Offshore Banking Guide

Will

Legal document that determines how all your possessions and assets will be distributed upon your death.
Although making a will is not a legal requirement, if you are a non-resident, you should consider writing one in both the UK and your country of residence, which will probably have different rules for the disposal of your estate.

Withholding tax

Tax levied at source on dividends paid to investors who are non-resident in the country in which the investment is made.
For example, all income earned by foreigners on Swiss-based investments is subject to a 35 per cent withholding tax.
In many cases, Switzerland has double taxation treaties with foreign governments, which mean investors from those countries are able to ‘claw back’ withholding tax.
Plans to introduce European-wide withholding taxes would be beneficial to Switzerland.

Offshore Banking Guide - With Profits Policies

Yield
Measure of a return you receive on an investment. To calculate the yield, divide the dividend you receive by the cost of the investment, then multiply by 100.

Offshore Banking Guide & Zero-Coupon Bond

Zero-coupon bond
A bond that pays no dividend, but increases the capital base. For example, you might buy a bond at 60 and redeem it at 200, but there would be no dividend payments along the way.