Canada Life offers wealth preservation

Canada Life International has launched its Wealth Preservation Account (WPA) as an option for reducing inheritance tax (IHT) liabilities. The WPA allows individuals to make a gift of capital while retaining periodic access to cash if needed in a flexible and IHT efficient way. It is intended that the WPA is exempt from income tax on pre-owned assets and outside the charge to capital gains tax, while minimising income tax and IHT that may become payable in the future. The underlying investment is a life assurance policy that can link to Canada Life International's own suite of funds and a...