Wealth Preservation Account

  • The original investment is outside of the settlor’s estate and free of inheritance after seven years.
  • Any growth on the investment is not part of the settlor’s estate.
  • The tax efficient growth of an investment based on the Isle of Man for a UK resident means that any growth achieved in the Account is not subject to the UK tax regime. UK tax may apply when any profit is brought back into the UK.
  • The settlor has access to payments and the trustees have the power to defer these.
  • The trustees can make payments to the beneficiaries during the settlor’s lifetime.
  • The bond and trust can continue after the death of the settlor.

Effective estate planning with flexible access

Many clients are prepared to gift money to a trust in order to help reduce a potential inheritance tax liability. However, they may want to retain some form of access to payments from that trust but do not want the rigidity of a discounted gift scheme.

The CanTrust Wealth Preservation Account from Canada Life International is a unique trust arrangement designed to save inheritance tax, whilst allowing the settlor flexible access to the money and the trustees the ability to make payments to the beneficiaries before the settlor dies.

The value of investments can fall as well as rise and you should speak to a professional adviser to ensure that any investment is suitable for you.

The Account is true open architecture meaning almost any collective fund from around the world can be used, as can any of the 40 or so investment platforms or 150+ discretionary managers that we already have agreements in place with.

It is possible to use multiple funds, platforms and discretionary managers and the investments can be changed at any time.

The CanTrust Wealth Preservation Account will appeal to UK resident who have a potential IHT 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.

Interested in More? Why not Look At...

Wealth Preservation Europe Account

Effective estate planning with flexible access

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Premiere Discounted Trust Account

For your clients who want an income and to reduce their inheritance tax liability

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"We want to make sure that we have financial security and that our respective kids inherit what they should"
Alan and Carol
Contact by phone

Contact us to find out more

United Kingdom
0345 606 0708

International
01624 820200

United Kingdom
customer.services@canadalife.co.uk

International (Isle of Man)
focus@canadalifeint.com

International (Dublin)
distributionsupport@canadalifeint.ie

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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.