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R&SA offers IHT pack to advisers

Royal & Sun Alliance International Financial Services is launching a UK inheritance tax planning pack for IFAs.

The company says the pack is designed for IFAs looking to maximise opportunities for IHT planning among UK clients.

As part of the launch, the offshore life office has repackaged its existing IHT trust plans and added a new plan to the range.

It says the planning pack is a user-friendly general guide to inheritance tax, including sections on rates, allow ances and mitigation techniques.

It contains information on the various trusts on offer, including a gift trust for those who want to make gifts to take advantage of Pet rules.

Also included is a loan trust which aims to simplify paperwork and protect policyholders against IHT gift with reservation provisions.

The new trust is a capital access trust which RSAIFS says fills the gap between the two other plans.

The trust offers IHT mitigation using Pet provisions, the ability to gain access to ret ained capital at any time and the provision of tax-efficient capital payments to the settlor.

Technical services consultant Brendan Harper says: “All the trusts are available for use with the full range of RSAIFS single-premium contracts, a feature which may not be available with other plans.

“The pack aims to aid IFAs in making his clients feel comfortable with IHT planning by presenting the subject and strategies in a simple, structured way.”

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