Wealth Preservation Europe Account

Effective estate planning with flexible access

Passing wealth on to future generations, without incurring large amounts of inheritance tax can often be a challenge. The CanTrust Wealth Preservation Europe Account allows you to gift money into a trust and provides you with flexible access to payments from the trust.

The gift you make into the trust potentially reduces the value of your estate and therefore the amount of inheritance tax your beneficiaries will have to pay.

Once in the trust, the trustees will have control of the money and they can make payments to your beneficiaries should they want to, for example to help with education fees.

  • The original investment is outside your estate and free of personal inheritance tax after seven years.
  • Any growth on the investment is also not part of your estate.
  • You have access to yearly payments and the trustees have the power to defer these.
  • The trustees can make payments to the beneficiaries during your lifetime.
  • The tax efficient growth of an investment based in Ireland for a UK resident means that 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.

The value of investments can fall as well as rise and you should speak to a professional adviser to ensure that any investment is suitable for you.

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 Europe Account will appeal to UK resident clients 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.

Interested In More? Why Not Look At...

Wealth Preservation Account

Combining retirement and estate planning

More

International Portfolio Bond Discounted Gift Trust

For your clients who want an income and to reduce their inheritance tax liability

More

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.