Preserving wealth for generations to come

Give your clients control and access – while protecting their legacy for loved ones.

Like the weather, some things in life you just can’t control. But some things you can – which is especially important when talking to clients about passing on wealth from one generation to the next. 

If your clients want to decide where their wealth goes and who’ll benefit from it, a trust could be the answer. Trusts allow assets to be directed to where your clients want them to be, while potentially mitigating the effects of Inheritance Tax.

The best of both worlds

Our Wealth Preservation Account is an award-winning solution from the market leader in estate planning*.

It's designed to let your clients reduce their Inheritance Tax liability but still retain full access to the trust assets through optional yearly payments. These can be deferred if your clients don’t need them, and payments can be made to beneficiaries at any time.

Investment growth is outside of the estate from day one. After seven years, the gift into trust moves out of the estate entirely.

When this happens, your client’s nil rate band can be re-used in a new product. You’ll then have an opportunity to review their circumstances to understand how they can best invest moving forward. This could be with another Wealth Preservation Account or a trust.

Use our contact form to learn more or get a quote.

We’re multiple award winning

We are proud of our achievements. Canada Life International won International Investment’s 2023 Best International Trust Product (Wealth Preservation Account) and Excellence in Trust and Estate Planning awards.

 

     

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See how our Wealth Preservation Account works and what it can offer your clients.

Find out more

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Adviser Support

Why choose us?

We’re the leading provider of international investment bonds in two financial centres – the Isle of Man and Ireland.
Our parent company is the Great-West Lifeco group, a member of the Financial Times’ Global 500 with £1.5trn in assets under administration.**
Our Isle of Man businesses achieved five-star financial strength ratings from AKG and a Gold Investment Bond Service rating from Defaqto.

More than wealth preservation

Our Wealth Preservation Account offers more than Inheritance Tax efficiency. The account is made up of a series of single-premium life assurance policies within a double trust arrangement. Your clients assign legal ownership of the policies but keep the right to receive the proceeds from each of the maturing policies.

As the Wealth Preservation Account includes a discretionary trust, decisions about who benefits, and when, are at the trustees’ discretion. The trustees can also appoint policies to beneficiaries when needed.

Discover our Wealth Preservation Account

Get technical insight into estate planning

Read our latest Technical Eye articles:

Find out how the Rysaffe Planning Principle can work, along with other key considerations for tax, gifts and trust ordering.

Joined our recent Exploring Your Horizons Roadshow?

Our technical team shared insights using a generational case study to challenge assumptions and unpack the evolving circumstances of a client’s financial lifecycle.

Read our case study to explore the financial wants and needs of a family, along with recommendations aimed at helping each client achieve their financial goals within their risk preferences.

Professional Trustee Service

We’re working with a leading Professional Trustee Service provider to deliver a service that’s simple and easy to use.

A selection of trusts

We have a selection of trusts paired with international investment bonds, including options for Discretionary Fund Management.

Trust Registration Service

 

For Wealth Preservation Accounts issued in the Isle of Man, UK-resident trustees have an obligation to register the trusts with HMRC using the online Trust Registration Service (TRS) within 90 days of each trust’s creation.

 

Discover our TRS hub

We’re here to help

As an expert partner to advisers, we provide you with quality support resources, along with information and tools to share with your clients. Our ican Technical Services Team is on hand to answer questions, and our Technical Eye articles offer insights on industry topics.

 

 

Information on this page is based on our current understanding of relevant legislation and could be subject to change in the future.

**Source: Canada Life, as at 31st March 2023.