Private Wealth Portfolio is a valuable instrument for the efficient transfer of wealth upon death. A number of distinct advantages exist:

• There are no restrictions in terms of named beneficiaries, who can be changed at any time (subject only to legal statutory requirements).
• The amounts bequeathed to beneficiaries can be easily altered.
• Privacy is assured at all times.
• Policyholders enjoy peace of mind and security.

This provides an advantage over other wealth management options whose structures can be very rigid, giving policyholders less control and restricting their investment options.

With Private Wealth Portfolio the payment of tax is deferred on investment income and growth until the policy, or part thereof, is surrendered. In the event of death the proceeds of the policy paid to beneficiaries are not liable to income tax with regard to accumulated capital gains, paying just inheritance and gift tax.

Again please note that an individual’s liability will depend on the person’s own personal circumstances and advice should be obtained from an independent financial adviser.