A tax-efficient investment

Not only do we offer a Plan with the potential for rising income in later life, but we've done it in the most tax-efficient way for our Planholders under current tax legislation.

• Tax-efficient growth - as Life Trust is domiciled in Ireland, the life fund in which the Plan is held benefits from gross roll-up and therefore grows without the deduction of UK tax

• Tax-efficient returns - because the Plan is taxed as a purchased life annuity, a portion of the annual payments under the Plan are deemed by HMRC to be Capital Content and therefore currently not subject to UK Income Tax

• Inheritance Tax planning benefits - the death benefit of the Plan - i.e the return of the original investment minus any income taken - can be placed in a Bare Trust (PET and 7 years apply) and gifted to a nominated beneficiary or beneficiaries