The IOMA Group administers or manages over $8 billion of funds
for global clients. As a niche wealth manager, we have a proven
track record in innovative solutions that deliver results and
mitigate risk. The IOMA Group is small enough to offer a highly
personal service, but sufficiently large to provide in-depth,
specialist expertise.
We were the first composite insurance company on the Isle of Man
and one of its independent financial services groups. Our
international perspective on tax affairs, wealth creation and
development, and retirement planning has reaped significant rewards
for clients.
IOMA Life focuses on innovative and traditional ways to use life
assurance as an effective wealth management and preservation
tool.
Our inheritance tax solutions:
Estate Control Bond (ECB)
The bond is structured as a series of endowment policies which
mature on a series of predetermined dates set by the Settlor. The
Trustees have the ability to extend the maturity dates (some or
all) to a later policy anniversary. The Trustees also have the
ability to surrender or make assignments (to the Beneficiaries) of
individual policies whenever they like (even during the Settlor's
lifetime). Assigned policies can then be run as separate
investments or surrendered. ECB is a Chargeable Lifetime Transfer
Trust. The trust is IHT free after 7 years, with any growth outside
of the estate immediately.
Estate Management Bond (EMB)
The bond is structured as a series of non-surrenderable
endowment policies which mature on a series of predetermined dates
set by the Settlor. The Trustees have the ability to extend the
maturity dates (some or all) to a later policy anniversary. EMB is
a Chargeable Lifetime Transfer Trust. The trust is IHT free after 7
years, with any growth outside of the estate immediately. There are
additional tax benefits with this plan.
Estate Transfer Bond (ETB)
The bond is structured as a series of non-surrenderable
endowment policies which mature on a series of predetermined dates
set by the Settlor. The Trustees have the ability to extend the
maturity dates (some or all) to a later policy anniversary. As the
bond is non-surrenderable the Settlor is assured of an 'income' (as
adult Beneficiaries are entitled to ask for their share under a
Bare Trust). The trust is IHT free after 7 years (discounted
initially) with any growth outside of the estate immediately. ETB
is a Potentially Exempt Transfer.
Other offshore solutions:
We also offer a range of single premium offshore bonds to suit
different client needs. These include a stand alone offshore bond
designed for UK residents, a highly personalised offshore bond and
a capital redemption bond.
Working with clients, advisers and alliance partners, we set out
to create products around specific needs. Whether we are creating a
new type of product or designing a one-off structure, we apply high
levels of skill and care to the task. Because of the way we work,
the products we design appeal to international investors from
different countries and jurisdictions.
Contact Details
Relationship
Manager
01624
681316
crm@iomagroup.co.im
Administration
01624
681200
lifeadmin@iomagroup.co.im
IOMA House, Hope Street, Douglas, Isle of Man, IM1 1AP, British
Isles // Tel: +44 (0) 1624 681200 // Fax: +44 (0) 1624 681390 //
Web: www.iomagroup.co.im
Isle of Man Assurance Limited trading as IOMA Life and IOMA
Insurance. Authorised by the Isle of Man Government Insurance and
Pensions Authority. Authorised and regulated by the Financial
Services Authority. Isle of Man Assurance Limited is not subject to
the same regulatory system as that applicable in the United
Kingdom. Holders of policies issued by Isle of Man Assurance will
not be protected by the United Kingdom Financial Services
Compensation Scheme if the company should become unable to meet its
liabilities to them. However, holders of policies will be protected
under the Isle of Man Life Assurance (Compensation of
Policyholders) Regulations.
