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Make sure your clients pass on their wealth

Let's talk wealth

At Canada Life we have decades of experience helping clients to pass their wealth securely from one generation to the next with our range of award winning solutions from the UK, Isle of Man and Ireland. So, if you want to help your clients pass their estate to their loved ones, mitigate the effects of IHT with unrivalled flexibility, and provide access to an extensive range of investment options, talk to your Canada Life Account Manager or call 0345 722 6232.

 

Discover all our products

Our 'Let's Talk Wealth' webinars have been created to help you solve new and classic challenges. These solutions are the cornerstone of our offering, helping clients mitigate the effects of IHT with unrivalled flexibility and giving them access to our wide range of funds and investment options. Register now for our CPD accredited webinars 

Dates Let's talk topics Actions
13/11/19  Order of gifting Watch the recording>
27/11/19  Common IHT Misconceptions Watch the recording>
11/12/19  Popular Trust Solutions Register >
Date to follow  Pensions and Estate Planning  
Date to follow  Cascading wealth through generations  
Date to follow  Trustee Investments  

Wealth Preservation Account

Effective IHT planning with flexible access

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Premiere Account

A wide range of investment options in one place

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Trusts

Offering a wide range of trust solutions

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Select Account

Combining retirement and estate planning

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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.

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 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. 

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 and the Prudential Regulation Authority.