Estate Planning Guide

113 112 PROVIDERS IN FOCUS PROVIDERS IN FOCUS About the provider We offer a comprehensive range of solutions for successful estate, retirement income, saving and investment planning as well as group and individual protection. As part of the Great-West Lifeco group, we are amongst the world’s largest companies. Advisers and clients trust us with more than £767 billion of their money (as at 1 January 2018). Our Estate Planning Solutions Since 1975, Canada Life has worked with industry experts and tax specialists to develop a comprehensive range of trusts and packaged estate planning solutions. Many inheritance tax (IHT) arrangements require individuals to give away capital and the income it produces. This situation is not acceptable to many clients and, over the years, arrangements have been devised which can – under certain circumstances – avoid this restriction. Generally, the greater the amount of flexibility, the less effective the arrangement is in terms of IHT mitigation. Conversely, the more restrictions on access to capital and income, the more IHT- efficient an arrangement is likely to be. The Canada Life range of UK and international estate planning solutions allows individuals to continue to receive regular payments of ‘income’ and capital in varying amounts and circumstances. Our Wealth Preservation Accounts allow clients to remove money and growth from their estate whilst giving the trustees flexibility over payments back to the investor and our Controlled Access Account is designed specifically for a gift into trust for a grandchild when the donor wants the money to be used for the child’s benefit. The trustees control when benefits are paid, even past the beneficiary’s 18th birthday. We understand how important high quality, accessible technical support for advisers is, in both maintaining and generating business, employing a dedicated ican Technical Services Team to support professional advisers across the UK. www.canadalife.co.uk ACCESS V IHT EFFICIENCY IHT Efficiency Access GIFT AND LOAN TRUST NO TRUST FLEXIBLE REVERSIONARY TRUST DISCOUNTED GIFT TRUST CONTROLLED ACCESS TRUST GIFT TRUST Canada Life offers: • GIFT TRUSTS, DISCOUNTED GIFT TRUSTS, GIFT & LOAN TRUSTS (all in bare trust or discretionary trust versions) • PROBATE BARE TRUST, EXCLUDED PROPERTY DISCRETIONARY TRUST • Packaged solutions: WEALTH PRESERVATION TRUSTS – flexible reversionary trust and CONTROLLED ACCESS ACCOUNT [Isle of Man only] – a bare trust similar to an old Accumulation & Maintenance trust). About the provider Downing LLP is a London-based investment management firm. We help UK businesses grow by investing via our range of enterprise investment scheme (EIS), venture capital trust (VCT), inheritance tax (IHT), individual savings account (ISA) and open-ended investment company (OIEC) products. In addition, in March 2016, we established our our online investment platform, offering fixed-rate bonds. So far, over 35,000 investors have been a part of what we do, and we are proud to have raised over £1.7 billion into businesses that make a difference, including renewable energy, care homes, health clubs, pubs, and children’s nurseries. We currently have around £1 billion of funds under management (as at March 2018). Our Estate Planning Solutions Our estate planning solutions enable investors to obtain full IHT relief on their subscriptions after only two years (provided the shares are held at death). We also provide Downside Protection Cover on death under the age of 90, covering a loss in value of up to 20% on the net initial investment – no medical questionnaires or exclusions for pre-existing conditions, and no extra cost. We offer three BR services: DOWNING ESTATE PLANNING SERVICE (DEPS): DEPS offers an additional Life Cover option (subject to higher fees) designed to mitigate the effect of IHT for those under the age of 85 from the date the shares are acquired, for the first two years before IHT relief begins. The policy covers 40% of the gross initial investment upon death within two years. Subject to terms and conditions. DOWNING AIM ESTATE PLANNING SERVICE: Obtain IHT relief after only two years by owning a portfolio of AIM-quoted companies. DOWNING AIM ISA: Combine IHT relief after two years with ISA tax benefits through a portfolio of AIM-quoted companies. Investors can transfer part or all their existing ISAs to Downing. www.downing.co.uk ENERGY - SOLAR ENERGY - AD ENERGY - WIND ENERGY - OTHER ASSET-BACKED - PROPERTY DEVELOPMENT ASSET-BACKED - PUBS ASSET-BACKED - CARE HOMES ASSET-BACKED - DATA CENTRES CASH ASSET-BACKED - HOTELS HOLDINGS IN DEPS Capital is at risk. Prospective investors should be aware that the value of their investment may go down as well as up. There is no guarantee that the valuation of shares will fully reflect their underlying net asset value, or that investors will be able to buy and sell at that valuation or at all. Please refer to the relevant product literature and terms and conditions. 20% 2% 5% 16.87% 10% 4% 5% 22% 13% 3%