The Personal Portfolio Bonds (PPB)

The Personal Portfolio Bonds (PPB) can be described as a tax free warehouse or wrapper for your assets. A PPB is an account that combines the cost efficiency, flexibility and buying power of the life company's administration with the tax efficiency of an offshore nil tax or low tax environment.
The PPB has considerable advantages for an expatriate and some of these are summarised as follows:
Simplified administration. The PPB can usually hold a wide range of investments that are administered on the clients' behalf by the insurance company.
Confidentiality. The ability to take advantage of excellent confidentiality for account holders.
Jurisdiction. If an investor holds securities from several countries their death would result in probate problems in each of these countries. Assets held within a PPB are covered by one jurisdiction.
Investor protection. Account holders can have peace of mind that their wealth will be protected.
Political stability. Expatriates who transfer their assets into a PPB held in a designated territory are completely safeguarded from the political and economic insecurities they may experience in various countries while they are expatriates.
Investment choice. The PPB permits a wide range of investments to be held within it such as stocks and shares, unit trusts, gilts, corporate bonds, bank accounts and offshore funds. This will not restrict the investment to a single insurance company's funds.
Corporate discounts. As the insurance company often makes bulk purchases up to 100% discounts can be negotiated, especially in the case of unit trusts and offshore funds, on the purchase price.
Tax advantages. As the PPB is perceived as an ‘Insurance policy' by many countries it can be used as a ‘tax shelter' by individuals who become residents in those countries.
Charging structures. Most PPB's offer three different types of charging structures one of which will normally meet the needs of most expatriates.
Access to your money. He PPB can be linked to an offshore bank account where the policyholder can access funds from within the PPB via a bank debit card. This provides access to cash through thousands of cash dispensing machines worldwide.