Isle of Man Assurance Ltd
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Isle of Man Assurance currently markets a leading range of innovative inheritance tax (IHT) products. With greater flexibility and enhanced tax savings, when compared to traditional offshore products, these IHT solutions may be appropriate for a range of varying client requirements:
Flexible Inheritor Plan (FIP)
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Cash based – Diversified cash fund, returning a competitive gross yield.
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Choice of a Bare Trust (PET), single or joint Settlors, or Flexible Trust (Chargeable Lifetime Transfer).
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Pays a guaranteed death benefit on the client’s death.
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Immediate discount for IHT purposes, full guaranteed death benefit outside estate after 7 years.
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Completely flexible access for the client to all growth and some capital.
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Permits a client to take regular or one-off withdrawals from the Bond.
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Income Tax efficient for Beneficiaries.
Estate Control Bond (ECB)
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IHT free after seven years (growth immediately).
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Income and capital payable by the Trustees to the Settlor annually if required.
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Flexible access for the Beneficiaries - Money can be paid during Settlor’s lifetime.
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The bond can continue post death of the Settlor, allowing flexible exit routes.
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The bond can be surrendered by the Trustees at any time.
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Chargeable Lifetime Transfer Trust.
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Open architecture.
Estate Transfer Bond (ETB)
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Immediate discount for IHT purposes, fully outside estate after 7 years. Growth outside immediately.
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Flexible access for the Settlor - income and capital available annually if required.
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Income Tax efficient for Beneficiaries.
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Bare Trust (PET), single or joint Settlors.
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The bond is non-surrenderable, allowing the Settlor continued access for the life of the bond.
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Open architecture.
For further information, please call one of our dedicated Isle of Man based Relationship Managers or one of our regional sales force.
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