Make sure my clients' wealth stays in the right hands

 

 

International Estate Planning

 

Help me manage my clients’ wealth for future generations

At Canada Life we have been helping people keep control of their estates for more than 40 years.

The Wealth Preservation Accounts (WPAs) help reduce your clients’ inheritance tax liability, whilst allowing them to receive periodic payments from the trust. The payments to your client are flexible and the trustees can pass money to the beneficiaries at any time. This provides an unrivalled combination of tax-efficiency and flexibility.


Effective estate planning and flexible access

We all know that clients have different requirements so it is important to provide a choice of jurisdictions which offer the features that clients want and need.

Wealth Preservation Account - Domiciled in Isle of Man

Wealth Preservation Account Europe - Domiciled in Ireland

 

The benefits of WPAs

The Wealth Preservation Accounts offer:

  • Inheritance tax mitigation
  • Optional yearly payments
  • Tax-efficient investment growth
  • The ability for the trustees to make discretionary payments to benefciaries
  • Access to full open architecture investment

 

Who is it suitable for?

The WPAs will appeal to UK residents who have a potential inheritance tax liability and are willing to make a lump sum gift into a trust, whilst retaining access to payments from the trust and giving the trustees the ability to make payments to the chosen beneficiaries.

 

The Planning pack has been developed to help you write WPAs business and justify the product with internal paraplanner and compliance departments. 

 

The Wealth Preservation Accounts are arrangements designed to save inheritance tax.

They allow a client to gift money into trust to reduce their potential inheritance tax liability but also allows them to receive payments on a predetermined date (if required) to supplement their income.

On inception, the policies in an account are immediately assigned into a bare trust and then into a discretionary settlement.

The value of investments can fall as well as rise. 

Introduction to inheritance tax

So, what is inheritance tax and why should you look at it sooner rather than later?

What is a Trust?

What are the main types of trust and what role does a trustee play?

These videos are suitable for you to share with your clients.

Platforms

A number of our international investment bonds can be held via platform.

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Discretionary Fund Managers

View the discretionary managers who are able to manage assets on your behalf through our international products.

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Related articles

 

Canada Life expands estate planning range
Canada Life has launched the Select Account Discounted Gift Trust, an onshore discounted gift trust (DGT).

Canada Life International unveils Dublin-based Capital Redemption Policies
CLI extends the availability of Capital Redemption Bonds from both its Isle of Man and Dublin operations.

Canada Life Annual IHT Survey – 75% of wealthy unaware of new residence nil rate band IHT allowance
Lack of awareness of IHT rules means families risk paying a bigger bill than they need.

 

 

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Briefing Notes

Be prepared when communicating complex topics to your clients. The briefing notes written by the ican Technical Services Team provide a wealth of information on inheritance tax, trusts and pension

Awards

 Professional Adviser Award  International Life Awards 2016 - Product RangeInternational Life Awards 2016 - Readers Choice

This website is for UK professional advisers only and is not approved for use by private customers.

Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.