Offering flexibility and choice
AXA Isle of Man focuses on providing tax efficient wealth management solutions to the individual, corporate and trustee clients of financial advisers based in the British Isles. One of AXA Isle of Man's primary markets is the inheritance tax (IHT) planning market and it was good to see, as expected, the Estate Planning Bond retain its market-leading status following the changes to pre-owned assets legislation in the 2004 Finance Act. To strengthen this IHT mitigation plan further, three new charging structures are now available to provide even more flexibility and choice to investors.
Over the past 12 months AXA Isle of Man has consistently championed the benefits of ensuring that discounted gift schemes, such as the Estate Planning Bond, are fully underwritten. Only by doing so can a reliable estimate of life expectancy be made and an accurate discount for IHT purposes calculated. This robustness has been acknowledged by the Capital Taxes Office of the Inland Revenue and AXA Isle of Man remains convinced that this practice is in the best interests of its customers.
Another facility of particular interest to investors in the Estate Planning Bond is the professional trustee service offered by AXA Isle of Man Administration Limited. This makes the whole business of setting up trust arrangements very easy, helping to reduce anti-money laundering requirements and speeding up the process of establishing the trust. And, for Estate Planning Bond investors who choose to invest in the popular Evolution Offshore Deferred Distribution Fund, the trust services provided by AXA Isle of Man are completely free of charge.
Many people, especially corporate investors, need the opportunity to make their money work a bit harder for them and want alternatives to investing in a deposit account. Evolution, with its extensive fund choice and flexibility, is ideally suited to this type of investor and, to extend this flexibility still further, two new charging structures have been added, giving a choice of six charging structures in all.
AXA Isle of Man understands that advisers and investors alike have a lot demands on their time and will therefore appreciate the information control provided by the secure extranet facility, AXA Isle of Man Online. This website has recently been relaunched and now combines the public website with the secure extranet in one place. Find it at www.axa-iom.com, where an online demonstration of the facilities available through AXA Isle of Man Online is available.
Regular reminders and updates
9 December 2019 deadline
Joe McDonnell joins as head of portfolio solutions (EMEA)
Adviser of the Year - South East
Fidelity Multi Asset CIO's outlook