AEGON Ireland:
AEGON Ireland is a part of the AEGON Group, one of the world's
largest listed financial services companies, with assets under
management of around €391 billion (£353 billion) as at
30th June 2011, around 26,500 employees and 40 million
customers worldwide.
AEGON Ireland is authorised by the Central Bank of Ireland and
regulated by the Financial Services Authority for the conduct of UK
business, which means we act in line with the European Life
Directives. In addition, under Irish Law, we are required to keep
investors assets completely separate from our own.
In the event of AEGON Ireland being unable to meet its
liabilities, planholders who were habitually UK resident when the
contract commenced will be protected by the provisions of the
Financial Services Compensation Scheme (FSCS). Insurance business
of the type transacted by AEGON Ireland is generally covered for
90% of the value of the whole claim, without limit. It should be
noted that some categories of investor are excluded.
Further information about the benefits of investing via an AEGON
Ireland offshore bond can be found via the link below:
http://www.aegon.ie/Literature/index.htm
Products available
Novia platform users have access to the AEGON Ireland Wealth
Management Portfolio (WMP) which provides some of the following
benefits:
- Enhanced tax control compared with investing in onshore
bonds
- Asset switching without triggering a UK CGT liability
- Easy access to the funds on a regular or ad hoc basis
- Virtually tax free growth
- Being self assessment friendly as classed as a non income
producing asset
A further tax benefit of using a Dublin based offshore bond
provider involves VAT on discretionary fund management fees. For
providers based in the Isle of Man, DFM fees need to be subject to
UK VAT, whereas discretionary fund management fees are exempt from
Irish VAT. This means that the DFM charges no VAT, and none is
accounted for by the Irish life company.
UK IHT Planning
AEGON Ireland offers a wide range of trust solutions to help
advisers with UK IHT tax planning needs. The range comprises
of:
- Bare Gift Trust
- Bare Loan Trust
- Bare Discounted Gift Trust
- Discretionary Gift Trust
- Discretionary Loan Trust
- Discretionary Discounted Gift Trust
A useful 'Trust decision tree' document can be accessed via the
following link:
http://dms.aegon.ie/download/eadf7cb288ca7c8511254912638a3c3d
Link to AEGON Ireland website:
http://www.aegon.ie/index.htm
Contact points
If you would like to find out more about the Wealth Management
Portfolio offshore bond, discuss a potential case, or request
client specific key features please contact your normal AEGON sales
point of contact or your Novia Regional Sales Manager
AEGON is a brand name of AEGON Ireland plc. AEGON Ireland plc,
registered office: 2nd Floor, IFSC House, Custom House
Quay, Dublin 1, Ireland. Registered in Ireland (No:346275).
Authorised by the Central Bank of Ireland and subject to limited
regulation by the Financial Services Authority. Details about the
extent of our regulation by the Financial Services Authority are
available from us on request. An AEGON company. www.aegon.ie
