Originally posted by Morlock
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That's fair enough, but what's to stop people using offshore schemes, and investing the tax savings? Worse case scenario, the Montpelier situation happens again, and you have to repay the tax plus interest. If the money has been invested wisely, there's no problem in paying it back. Best case scenario, the scheme simply gets shut down, and you've then got a nice little nest egg that you can do what you like with.
If it was me I'd be using one scheme until it ceased to be effective, then I'd switch to another. Why aren't people affected by the Montpelier case and BN66 simply registering with another scheme, then putting that tax aside in case the Montpelier appeals fail? Given how longs it's taken to get this far, at least they'd be delaying problems for a few more years. EBT schemes look far more difficult to challenge retrospectively in my opinion anyway.
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