Life products taxation

Content
-Tax in life, pensions and overseas funds introduction.

-Unit linked funds, with-profit funds and non-linked unitised with-profit funds.
-Comparison of these to a unit trust.
-Basic valuation points.
-Life, Pension, Friendly Society, PHI and CICs policies.

-Overview of a life company's allocation between the business and policyholders including bonuses, reversionary interests, terminal costs, etc.

-Capital units and related charging structures on policies.

-Actuarial valuation and embedded values - basic review.

-Morbidity, mortality and related reserves.

-Matching policy types to businesses and funds.

-Qualifying and non-qualifying policies, exempt policies.

-Overseas policies.

-Chargeable events on the above including chargeable losses and Friendly Society enhancements.

-Policy enhancements, endorsements, encashments, 5% rule, top slicing.

-Policy assignments.

-Personal Portfolio Bonds - the new rules and complexities.

-Policies to back mortgages.

-The Fiscal Representative new rules - how these apply in practice.

-Compensating policyholders - taxation on the payments.

-Putting a policy into trust - the practicalities.

-Types of trust arrangements used.

-Gifts to children - insurable interest: the tax consequences of gifting to children.

-IHT planning: PETS and normal expenditure out of income.

-Closure of the Lady Ingram Rule and its effect on Life Policies.

-Life Annuities: the different types and tax rates applicable.

-Payments to overseas policy holders.





Todays Date: 8 September 2017
Duration 1 day