Dimensions Preference Account

For when you want a wide range of investment funds and cash deposits

Investing through a company based in the Isle of Man can offer a UK investor significant tax advantages compared to using a UK-based provider as it allows the underlying funds to grow free of UK tax. The Dimensions Preference Account from Canada Life International benefits from this favourable tax treatment, meaning that your investment can enjoy the potential for higher returns as UK tax usually only becomes payable when any gains are withdrawn and brought back to the UK.

The Account offers a range of investment options and the ability for you to take regular and ad hoc withdrawals.

  • The tax-efficient growth of an investment based on the Isle of Man 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.
  • A wide range of investment funds from many different fund managers.
  • Ability to invest in cash deposits with overseas financial institutions, allowing access to potentially higher interest rates than available in the UK.
  • It is set-up as a series of identical policies, providing flexibility when you want to take money from the investment.
  • You or your adviser can change the underlying investments at any time without charge.
  • As a life assurance policy, the individual policies can be gifted to other people without a tax charge.

The Account offers a comprehensive range of investments with over 4,000 unit trusts and open ended investment companies for you and your advisers to choose from. In addition to this, there is the option to include cash deposits from non-UK financial institutions.

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 Dimensions Preference Account will appeal to UK investors who want the tax benefits available by using a provider based in a suitable overseas jurisdiction, with access to a wide range of investment funds covering different types of investment and different geographical areas.

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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.