Trustnet Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Why Offshore?

Why invest in Offshore funds?

Tax Matters
For tax purposes, FSA-Recognised Offshore funds are classified into one of two categories, and this determines what treatment investors' returns will receive, and tax planning options.
  1. 'Qualifying', or 'Distributing' Funds.
    The first category is a 'Qualifying', or 'Distributing' fund, which must distribute at least 85% of its income to investors. Distributions are paid gross of tax, and UK investors are left to declare the income in their annual tax returns. The benefit here is one of cashflow: until the tax is paid, and depending on the timing and frequency of distributions, the money is better off in the investor's account than being deducted at source.

    Upon disposal, whether through sale or by switching to another investment, a capital gain or loss will be crystallised. Losses are allowable against the investor's overall Capital Gains Tax (CGT) computation, and gains may be mitigated by both Taper Relief and the investor's annual CGT allowance.

  2. 'Non-Qualifying', or Accumulation Funds.
    The second category is perhaps better known as a 'roll-up' fund. No income is distributed, the fund's gains being re-invested to augment the value of the investors' holdings. Unlike the accumulation units of UK funds, no attribution of a share in these gains is made to the individual investor, and so no liability to tax is incurred for the duration of the holding.

    No doubt because the investor has enjoyed something of a tax-paying holiday, on disposal of this kind of investment the Inland Revenue debars access to the relief normally available on capital gains, and classifies the return as an 'Offshore Income Gain'. Effectively, it will be subjected to income tax at the investor's highest marginal rate, but at worst the exercise has enabled the investor to defer crystallisation of the tax liability until a point chosen by him or her.

In both these instances holdings in the name of a non-earning spouse will lessen the liability. Further, the investor can plan disposals to coincide with an anticipated move into a lower tax bracket - upon retirement, say. And if the proceeds are not repatriated at all - witness the increasing number of people retiring abroad - the UK tax regime can be sidestepped completely.


While conceding the need for greater degrees of co-operation with onshore authorities, the offshore centres' tradition of protecting investors' privacy still persists. If they are implementing measures necessary to maintain a reputation for probity, on money-laundering for example, and if they are co-operative when there is evidence of criminal activity, they will nevertheless actively resist any attempts at 'fishing expeditions' on the part of onshore tax authorities.

It is this confidentiality, and an asset repository one step removed from mainstream life, that can protect those who are subject to a risk of litigation: business proprietors, doctors, lawyers and people perceived to have substantial net worth. In our increasingly litigious society, it is not always the person directly causing an actionable event that gets sued. Litigants, maybe even frivolously, are likely to pursue those with loose connections to the chain of events, because they are seen as having deep pockets. And with increasing compensation levels, liability insurance may be insufficient to cover an award. If assets are less clearly identifiable or easy to recover, this can deter such actions, or at least circumscribe losses.

Returns & Volatility

In addition to operating in a benign tax environment, offshore funds have the opportunity to further increase their returns through exposure to a wider range of asset classes.

In the UK, regulations are tightly drawn so as to meet a government-perceived need to protect the vulnerable, the unwary, or the plain feckless consumer - a prescriptive 'widows and orphans' approach. As a result, Fund Managers are restricted as to the type of asset in which they can invest their clients' money, and are constrained to forego potentially rewarding opportunities. Without the more extreme restrictions, offshore funds are free to access asset classes such as commodities, derivatives and hedge funds. And in this last case, many investors will have been daunted by the barriers to entry posed by high minimum investment levels, while eyeing enviously the 20-30% annual returns hedge funds have been able to pull in the past. It is this access to a wider range of instruments or currencies that a domestic-only investor misses.

It is an accepted principle that diversity can better balance an investor's portfolio and reduce its volatility. By spreading investment around different financial centres, not only is diversity is increased, but exposure to different market conditions and investment styles are brought into the mix as well.

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