We have rebranded Retirement Advantage products as Canada Life. Visit our Retirement Account and Home Finance pages.
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Investments that play to the tune of your clients

With access to over 150 carefully chosen funds, the Canada Life Select Account allows your clients to invest for growth, a flexible tax-efficient income or a combination of both.

If taking an income, your clients can choose between regular (monthly, quarterly, six-monthly, yearly or termly) or ad hoc withdrawals. And our straightforward charging structure means we don’t take entry or exit charges therefore your clients only pay a single monthly product charge. So, from meeting school fees to supplementing their income in retirement, whatever your clients’ needs, the Select Account can hit the right notes.

The Discounted Gift Trust (DGT) option under the Select Account allows your clients to invest a lump sum of money and to receive regular payments from the trust. As these payments utilise the tax deferred withdrawal facility from an investment bond, there is usually no immediate tax liability.

Take a look at our short videos and CPD qualifying events.

Select Account

The CanInvest Select Account offers a simple and straightforward, tax-efficient investment solution for those looking to invest a lump sum and who may have already funded ISAs to the annual maximum.

  • It is set-up as a series of identical policies, providing flexibility when your clients want to take money from the investment.
  • There is unlimited free switching between the funds available allowing you and your client to restructure the investment as required.
  • A comprehensive phased investment facility is available allowing money to be moved between different investment funds over a required period of time.
  • As a life assurance policy, the individual policies can be gifted to other people without a tax charge.

Select Account DGT

The Select Account DGT will appeal to UK investors who want to combine a simple tax-efficient investment and reduce the inheritance tax liability on their estate whilst receiving regular payments to supplement their income.

  • The potential inheritance tax payable on death can be reduced immediately, with a further reduction after the client has survived seven years from the original investment.
  • After death, the value of the trust will be available. Depending on the type of trust used, the trustees can pay these funds out to the chosen beneficiaries or maintain the trust and pay out benefits as and when they choose.

Webinar Events

Dates Topics Actions
12/09/18 Order of Gifting Watch the recording >
26/09/18 Gift and loan Trust Watch the recording >
10/10/18 Discounted Gift Trusts under the microscope Watch the recording >
17/10/18 Chargeable gains – exit strategies Watch the recording >
31/10/18 Seven year recycling Watch the recording >

 

Autumn roadshow series

Our recent autumn roadshows brought together over 200 advisers for a single purpose: to discuss the best ways to deliver high levels of tax free income in retirement, using a range of product wrappers and available tax allowances.

The feedback from advisers was extremely positive, and we’d like to share some of the highlights with you.

Investment options with the Select Account

The Select Account and Select Account DGT allows you to provide your client with an investment solution tailored to their objectives, both now and in the future. Our investment solution has been achieved through our rigorous fund selection and governance process; drilling down through thousands of funds that are available today – refining the options into a high quality range, allowing you and your client to select suitable investments.

Risks to consider
The value of investments can fall as well as rise.

Fund in focus

The LF Canlife Managed 0%-35% Fund

The LF Canlife Managed 0%-35% Fund, available under the Select Account and Select Account DGT, seeks to provide long-term capital growth and income through a diversified portfolio of UK income-generating assets. With in-house expertise, we have the power to select the best assets to deliver income or growth, proven by our five and ten year strong track records.

 

150+ funds

Risk profiled

Moneyfacts 2017
defaqto Gold 2018
defaqto 2018
FA 2017

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.