Sanlam UK has launched an Inheritance Tax (IHT) Service which, it said, will enable clients to mitigate IHT liabilities and generate long-term growth by investing in smaller companies.
The idea is that by investing in a diversified portfolio of shares listed on the Alternative Investment Market (AIM), the service will provide exemption from IHT through Business Property Relief (BPR).
The diversified portfolio will be made up of 25 to 45 shares across a range of industries and with solid earnings growth potential. Investors will be able to hold the shares in an ISA or SIPP, and can add or withdraw money at any time. Each stock will go through an extensive screening process to try to ensure qualification for BPR as well as reassuring investors of the potential for long-term growth.
Head of Portfolio Management at Sanlam UK Charlie Parker said: “With the launch of this new service, Sanlam UK reinforces its commitment to providing the best wealth and inheritance management strategies and solutions possible to our clients.
“A forward-looking approach is vital when it comes to protecting and planning your family’s wealth for future generations. This IHT service offers clients a straightforward, effective and flexible way to accrue and pass on wealth.”