Wealth Preservation Europe Account

  • The Account can provide flexible yearly payments to supplement your client’s income.
  • The tax-efficient growth of an investment based in Ireland for a UK resident is similar to that of a pension or ISA as 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.
  • No VAT on any fees payable to discretionary investment managers.
  • Inheritance tax efficiency with the amount invested being outside of the estate after seven years and the growth outside from day one.
  • The trustees can make payments to other people if required, for example a grandchild’s education fees.

Combining retirement and estate planning

Clients that have a lump sum to invest for a potential future income may have more to invest that the annual allowance or funded their pensions to the lifetime allowance.

The CanTrust Wealth Preservation Europe Account is a trust-based solution offering investors the ability to take regular payments from the trust to supplement and income, whilst offering inheritance tax-efficiency – the original investment is outside their estate after seven years and growth is outside from day one.

Unlike a pension, payments can be made to chosen beneficiaries during the settlor’s lifetime as needs arise.

The value of your savings can go down as well as up and the client may not get back the full amount they invested.

The Account is true open architecture – this means that almost any collective fund from around the world can be used, as can cash deposits, investment platforms or discretionary investment managers.

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 residents 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.

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Wealth Preservation Account

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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.