Independent Wealth Management

Call us on 01276 517700 or email

Life Assurance in Trust

When you take out a Life Assurance policy, you will usually have the option of placing it into a Trust.  This is often overlooked by policy holders and unfortunately sometimes by advisers.

When a Life Assurance plan is held in Trust, it can be set up so that the benefits fall outside of the person’s estate for Inheritance Tax purposes.

People often consider that their estate is not large enough for Inheritance Tax to apply.  However, the life assurance policy itself will become part of their estate on death.  Subsequently, some people are spending their hard earned cash on funding policies that will, in part, be contributing to the Government’s coffers.

If you want your life assurance to go to your intended beneficiaries you should consider placing it into Trust.  It is important to talk this through with your adviser and to ensure that this is done in the most appropriate way.  There is usually no additional cost for this service.

Please note that taxation is subject to change in the future.

Blog Categories


Planning for retirement, your options, review your plans...



Investing your capital for tax efficient growth or income...



Protect your family, life assurance, critical illness, income protection...


When my wife and I were looking for advice on retirement financial planning a few years ago, Barry was recommended to us by another IFA, who no longer provided that type of advice. Over the last few years, Barry has provided us with very good financial planning advice, tailored to our particular needs and attitudes to financial risk. He contacts us regularly to update us with the latest information and to see if our needs have changed but leaves the final decisions to us, i.e. he does not try to push a particular financial product or company. We have been very pleased with his advice to date and look forward to continuing our association with him.

Mr K.T.

This site uses cookies. Find out more about this site’s cookies.