This week marks Global Money Week, with schools and other institutions across the globe doing their part for financial education, including in the UK. This is particularly important as recent research has found that a significant percentage of English and Northern Irish adults are lacking financial skills.

Offshore savings accounts allow you to save in different currencies. And, contrary to popular belief, you don’t have to be hugely wealthy to take advantage of them.

Offshore bank accounts may sound great in theory, but make sure you’re aware of all the potential problems and pitfalls attached.