Gift Inter Vivos

This is a special type of term assurance, designed specifically to match the Inheritance Tax (IHT) liability on any gifts you make that HMRC could consider a Potentially Exempt Transfer. The policy has a seven year term and the sum assured decreases in line with the IHT liability on the gift(s) you have made. If you die within the policy term, the sum assured will be paid to your beneficiaries as a tax-free lump sum, to cover any remaining IHT liability on your gift(s).

Suitable if you:

• have a substantial estate, are making lifetime gifts under the Potentially Exempt Transfer rules and need to plan accordingly