EVOLUTION AND THE LIFESTYLE TRUST

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UTMOST INTERNATIONAL ISLE OF MAN LIMITED

Evolution is a flexible international portfolio bond that can be adapted to meet your clients’ changing needs throughout their lives.

Evolution is designed to grow, manage and preserve your clients’ wealth and to enable them to pass it on for the benefit of future generations.

With Evolution you can aim to help your clients reach their growth, income or tax-planning targets with a range of investments, all managed in one place. Your clients can defer tax on any investment growth and switch funds to respond to market changes.

It is available in pounds sterling on a Capital Redemption basis only, with a minimum investment of £50,000.

Evolution is combined with the Lifestyle Trust to help clients achieve their required balance between access to capital, inheritance tax planning and control over the eventual distribution of assets, whilst giving them a certain amount of flexibility in the future.

THE LIFESTYLE TRUST

The Lifestyle Trust allows your clients access to their wealth by taking payments, known as ‘entitlements’ on pre-determined dates – or to defer or waive those payments if they decide they don’t need the money when the payment becomes available.

It is a discretionary trust and designed as a tax-efficient solution for leaving wealth to future generations. Any growth on the gift into the trust is immediately outside the Settlor’s estate for inheritance tax purposes and, if they survive for seven years after the gift is made, its original value will not be liable to inheritance tax.

Evolution and the Lifestyle Trust is suitable for clients who require potential access to their gift into the trust, requires flexibility over how they access it, requires control over who benefits from their wealth and when, and are concerned about the IHT position of their estate and want to take action.

The Lifestyle Trust can’t be surrendered during the lifetime of your clients, and entitlements cannot be altered once they’re established.

APPOINT OUR PROFESSIONAL TRUSTEE SERVICE

Provided by Utmost International Trustee Solutions Limited (No. 095926C) which is licenced and regulated by the IOM FSA.

Our experienced team in the Isle of Man is dedicated to providing your clients with a high quality, professional trust administration service.

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PLEASE BEAR IN MIND

  • Our products are designed for UK residents.
  • Your client’s investment can go down as well as up and they could get back less than they paid in.
  • The information above is based on our interpretation of current law and taxation. Tax rules can change and are subject to individual circumstances.