View more on these topics

Lombard International plans to ease IHT burden

Lombard International Assurance is offering a trust plan aimed at inheritance tax mitigation by allowing investors to benefit from a gift donation and to receive income.

The wealth preservation trust is designed to help reduce or eliminate IHT liabilities by discounting capital.

The trust allows the investor to make a gift of capital for IHT purposes. In the meantime, the investor can enjoy access to a preset income stream using tax-deferred withdrawals of up to 5 per cent a year for a specified term.

If death occurs within the first seven years, the value of the original gift can be discounted to reduce IHT liabilities, depending on the investor&#39s health, age and income stream. The value of the gift falls completely outside of the estate after seven years.

To set up the trust, the client applies for a Lombard private client portfolio on the lives of the beneficiaries, indicating the level of fixed income required. The portfolio is then assigned to the trustees of a wealth preservation trust, retaining an entitlement to part surrender withdrawals.

Head of UK sales Stephen Atkinson says: “The wealth preservation trust structure is ideal for IFAs&#39 high-net-worth clients who are looking for a tax-efficient income as well as a scheme to alleviate the threat of inheritance tax. The tax-deferred income may also be an ideal way to supplement retirement provision.”


Pink Home Loans – Direct Exclusive 3 Year Stepped Discount

Monday, January 7, 2002.Discounted term: Three years.Discount: 2.4 per cent in year one, 1.4 per cent in year two, 0.4 percent in year three.Payable rate: 3.34 per cent in year one, 4.34 per cent in year two, 5.34per cent in year three.Minimum loan: £25,001.Maximum loan: Loans of up to 80 per cent of valuation subject […]

Pension members urged to lobby for ethical investment

A campaign encouraging occupational pension scheme members to ensure their funds are invested ethically has been launched by anti-poverty charity War on Want.The charity says few of the 10 million UK workers contributing to an occupational scheme know where their money is being invested. Its Invest in Freedom campaign aims to convince members that they […]

IFA joins BoS in carryback initiative

Bank of Scotland and IFA Moorgate House have teamed up to help higher-rate taxpayers take advantage of the last chance to use the carry-forward facility in their pension planning.Carry-forward, which allows investors to use up to six years&#39 unused tax relief, disappears on January 31.The Catch-up Personal Pension Plan is for people aged over 50 […]

Product Matters

Inheritance tax planning is one of the areas of financial planning that has by and large managed to resist the onslaught of low-cost, league table-driven, direct-access solutions for consumers.The two most obvious reasons for this are that the sort of people affected by IHT tend by definition to have the cash to pay someone else […]

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm