Sanlam launches AIM IHT service

Held in ISA or SIPP

Hannah Godfrey
clock • 1 min read

Sanlam UK has launched an AIM-based portfolio in an effort to provide an inheritance tax (IHT) service for advisers through the use of business property relief (BPR).

Sanlam will invest in 24 to 45 shares across a range of industries on the alternative investment market (AIM). The company said investors would be able to hold the shares in an ISA or self-invested personal pension (SIPP), and could add or withdraw money at any time. BPR assets offer full IHT relief after a two-year holding period and, unlike some IHT-planning investments and tools, the client retains ownership and control over their investments during their lifetime. Sanlam also said each stock would go through an extensive screening process to try to ensure qualification for BPR, as...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

'Christmas has come early for the government' – IHT receipts rise

'Christmas has come early for the government' – IHT receipts rise

Budget tax changes and rising take highlight advice value, experts say

Jen Frost
clock 20 December 2024 • 2 min read
No more IHT relief on pensions: How to maximise alternative tax-efficient vehicles

No more IHT relief on pensions: How to maximise alternative tax-efficient vehicles

In the light of the government’s latest Budget

Jordan Wheatley
clock 19 December 2024 • 5 min read
Changes to agricultural and business relief explained

Changes to agricultural and business relief explained

Government will publish a technical consultation in early 2025

Julia Peake
clock 11 December 2024 • 4 min read