Estate Planning New 1440X520px[1]

Estate planning

Keeping your wealth in the right hands

Estate planning is about putting your affairs in order, to help make the lives of your loved ones easier. It can help to protect your estate for your beneficiaries and reduce the impact of inheritance tax.

Learn more about estate planning

Guide to estate planning

Powered by Intelligent Partnership this new CPD qualifying guide has been updated with the latest developments that impact estate planning, as well as the rules and regulations that apply.

Learn more

Guide to inheritance tax

Inheritance tax could be paid on the estate of someone who has died. An estate includes all of their property, possessions and money, as well as any gifts made within seven years of their death. Read our guide to inheritance tax to learn more.

Learn more

Guide to trusts

A trust is a legal way of arranging some of your assets for the benefit of others, without giving them full control. Learn about how our trusts can help you to manage your wealth.

Learn more

Trusts we offer

Gift Trust

Pass on your money in a tax-efficient way

  • Gift is free from inheritance tax after seven years
  • You can gift your money outright
  • Any investment growth is free from inheritance tax
Learn more

Gift and Loan Trust

Inheritance tax planning with access to your loan

  • Take regular or ad-hoc loan payments
  • Investment growth is free from inheritance tax
  • Option to choose who receives the money
Learn more

Wealth Preservation Trust

Gift your money with access to yearly payments

  • Option to take yearly payments if needed
  • Investment growth is free from inheritance tax
  • Gift is free from inheritance tax after seven years
  • Beneficiaries can get payments while you’re alive
Learn more

Excluded Property Trust

Shelter your overseas assets from inheritance tax

  • Shelter your overseas assets from inheritance tax
  • Get access to your investment at any time
  • No inheritance tax to pay on the assets in the trust
Learn more

Probate Trust

For quicker payment of death benefits

  • No need to wait for probate
  • Access your investment when you need
  • Quicker payment of the death benefit
Learn more

Controlled Access Trust

Passing on your wealth to a child

  • Decide the age the beneficiary can access the money
  • Use the investment for the beneficiary before they’re 18
  • Gift is free from inheritance tax after seven years
  • Gift over £325,000 without an immediate tax charge
Learn more

The value of your investment can go down as well as up and you may get back less than you invest. Tax rules depend on the type of investment and individual circumstances and may change.

Inheritance Tax explained

Why choose Canada Life for saving and investing?

  • Award-winning range of products
  • Market-leading expertise and customer service
  • Part of Great-West Lifeco with over £987bn in assets (as at 30 June 2020)
Trusts IHT


Find out how trusts can help you manage your wealth

Guide to trusts
Technical Eye Promo Banner 1152X1152

Technical Eye

The latest edition of Technical Eye, Canada Life’s adviser magazine, is now available. It focuses on planning for tax year end as well as minimising the excess lifetime allowance charge.

Read now

Next steps

Ctas Default Product At A Glance Find An Adviser CTA 864X480

Need an adviser?

Get a tailored quote for our products from a financial adviser. To find one, visit Unbiased.

Find a Financial Adviser
Ctas Default Product At A Glance Customer Support CTA 864X480

Customer support

Find answers to commonly asked questions, helpful links, tools and contact details.

Customer support
Ctas Default Product Adviser Resources Contact Us CTA 864X480

Get in touch

Contact our onshore team

0345 606 0708

or send an email

Contact our offshore team

0333 015 1382

or send an email

Monday to Friday, 9am to 5pm

Other contacts