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Following the announcement of plans to revise inheritance tax (IHT) in the UK, life insurance provider Capital for Life is stepping in to offer a protective solution for those impacted by the changes. From 6 April 2027, any unspent funds in QNUPS (qualifying non-UK pension scheme) pensions will be subject to a 40% inheritance tax upon death, as outlined in the 2024 Autumn Budget.
The government’s announcement could significantly reduce the value of pensions left to loved ones. To help those affected, Capital for Life now offers tailored life insurance policies to help advisors shield their clients from this impending tax burden.
Why life insurance is the ideal solution for QNUPS pension holders
Capital for Life’s tailored insurance policies offers a proactive way for providers to cover their clients’ IHT liability, avoiding significant reductions to their pension funds.
Cover IHT liability
Life insurance can help clients offset the new tax effectively, ensuring their pensions remain intact.
Preserve wealth
Clients can safeguard the full value of their QNUPS pension by using life insurance to pay any IHT due.
Secure a legacy for loved ones
With the help of life insurance, pension holders can protect their funds from this tax change, leaving a greater financial legacy.
“With the help of Capital for Life, advisors can protect their clients’ legacies, even in the face of shifting government policies,” said Carlton Crabbe, CEO, Capital for Life. “Our tailored life insurance solutions mean advisors can help clients safeguard their QNUPS value for their loved ones.”
About Capital for Life
Capital for Life provides bespoke life insurance and financial planning solutions for high-net-worth individuals, families, and businesses globally. Leveraging extensive expertise, the company focuses on tax-efficient strategies, estate planning, and asset protection. Their client-centric approach ensures financial security and a lasting legacy through personalized, transparent, and trusted advisory services.
For more information, please refer to the contact details below.
Contact Info:
Name: Carlton Crabbe
Email: Send Email
Organization: Capital for Life
Address: Capital for Life Ltd, Hollowell Grange Farmhouse, Welford Road, Creaton, Northamptonshire, NN6 8NX
Phone: +00 44 1604 385 110
Website: https://www.capitalforlife.com/
Release ID: 89145680
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