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 provider in-depth, specialist expertise.
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 either be held by the Beneficiaries 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 late 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 Donor(s). The Trustees with the approval of the Donor(s) have the ability to extend the maturity dates (some or all) to a later policy anniversary. As the bond is non-surrenderable the Donor(s) is/are assured of an 'income' (as adult Beneficiaries are normally entitled to ask for their share under a Bare Trust). The trust is IHT free after 7 years (potentially discounted initially) with any growth outside of the estate immediately. ETB is a Potentially Exempt Transfer (PET) with maturity deferments being further PETs.
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.
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.
Contact Details
Administration: 01624 681200 or [email protected]
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
