Building robust estate planning solutions for your clients

Estate planning built on award winning foundations

At Canada Life we’ve spent decades ensuring your clients’ wealth passes securely from one generation to the next, with our range of award winning solutions from the UK, Isle of Man and Ireland.These solutions are the cornerstone of our offering, helping clients mitigate the effects of IHT with unrivalled flexibility and giving the access to our wide range of funds and investment options. 

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Webinar Events

Dates Topics Actions
20/02/19 Flexible Reversionary Trusts – Access paired with efficiency Watch the recording >
06/03/19 Estate Planning - Getting the conversation started Watch the recording >
20/03/19 Gift and loan trusts - Does your client need a flexible option for their savings and IHT planning? Watch the recording >
24/04/19 Getting periodic charges right - the key calculations Watch the recording> 
22/5/19 Case study. "How do you solve a problem like Maria's?" Watch the recording >
27/6/19 Life assurance for IHT planning Watch the recording >

10/7/19

Second Marriages Watch the recording >

Technical Eye Spring 2019

Where your pressing questions meets our industry leading expertise.

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Professional's Guide to Estate Planning

Canada Life is supporting a new Professional's Guide to Estate Planning - a concise and impartial document to help you help your clients

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Effective estate planning and flexible access

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.

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 - through the Isle of Man

Wealth Preservation Account Europe - through 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 beneficiaries
  • 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. 

Briefing Notes

The ican team produce briefing notes on a variety of topics to help explain and simplify some of the key areas of financial planning such as tax and estate planning, pension planning and investments.

Briefing Notes

Meet the Team

Get to know more about the experts delivering services crafted for you, in the ican Technical Services team.

Meet the Team

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.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.