Secondment can be a great way to broaden your career horizons - and it often means moving to another country for a few years or more. Many people will take the opportunity to relocate with kids and pets in tow. But if you're planning on coming back to the UK, you might want to consider investing offshore to save on tax while you’re abroad, and have your money ready to hand when you come back.

If you invest offshore and have lived outside the UK between the start of your policy and the date you cash in your bond, you may be able to reduce the 'chargeable gain' (see our Glossary for an explanation) which is subject to tax in proportion to the amount of time you have spent abroad.

Please remember that with an International Bond, the value of your investment can go down as well as up and you might get back less than you paid in.

All of the information on this website relating to taxation is based on our understanding of law and tax practice in Ireland and the UK as at August 2009. Legislation and taxation are liable to change in the future.