Delta Account

Straightforward tax efficient investing

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 Delta 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your investment can enjoy the potential for higher returns as UK tax usually only becomes payable when any gains are withdrawn and brought back to the UK.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 a choice of currencies, with 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.
  • You can invest from as little as £3,000.
  • It is set-up as ten identical policies, providing flexibility when you want to take money from the investment.
  • Can be denominated in sterling, US Dollars or euro – this can be an advantage if you are planning to move abroad and want to reduce the effect of changes in exchange rates.
  • 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.
  • For trustees, it can offer an easy method of investing.

The fund range available includes over 150 funds managed by Canada Life’s own award winning investment team and other well-known and respected investment companies such as Jupiter, Investec, M&G and so on.

The chosen funds can be changed at any time without charge.

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 Delta Account will appeal to UK investors who want the tax benefits of investing through an Isle of Man company with a range of investment options.

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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.

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 and regulated by the Financial Conduct Authority.