Evolution

UTMOST LIMITED

Create a tax-efficient portfolio that can evolve with your clients’ needs.

Because your clients’ circumstances vary over time, we’ve designed a product that you can tailor to meet their changing needs. Evolution (provided by Utmost Limited) can be used to grow, manage and preserve your client’s wealth, even enabling them to pass it on for the benefit of future generations.

With Evolution you can aim to help your clients reach their growth, income or tax-planning targets with a range of investments, all managed in one place. Your clients can:

Download a quick guide

 


 

Evolution is an investment bond, based in the Isle of Man and is designed for clients who want to invest for the medium to long term – 5 to 10 years or longer.

Your clients can choose Evolution on a life assured or capital redemption basis.

  • A life assurance bond – can continue for the lifetime of the
    lives assured.
  • A capital redemption bond – can continue for up to 99 years.

Your clients can decide which option to take when they set the bond up. Please bear in mind, they can’t switch later on.

Your clients’ funds can grow free of tax while they are held in the bond, with the exception of withholding tax, which is deducted at source from certain funds. And their funds can be switched free of tax too. They’ll usually only pay income tax on any gains when they take money out. That means they’ll be able to have some control over when they pay the tax, allowing them to pay it at a convenient time.

That’s not all: they can also take up to 5% of their original investment amount each year, up to a total of 100% of their original investment amount over twenty years, through regular or one-off withdrawals, without any immediate tax liability. And if they don’t use the full 5% annual tax-deferred entitlement in one year, then it can be carried over to following years – so they don’t miss out.

If your clients do go over the 5% annual tax-deferred entitlement, the extra amount may be liable to income tax.

Sometimes your clients might need to take a lot more than their 5% annual tax-deferred entitlement. To help with this and allow even more tax-planning flexibility, Evolution is split into lots of identical policy segments, which can all be cashed in or assigned individually.

Evolution could play an important role in your clients’ UK inheritance tax planning. To pass on their wealth in the way they’d like, your clients might want to set up Evolution and a trust at the same time. Or, if they’d like to start their inheritance tax planning later on, they can set up Evolution first, and then assign it into a trust in the future.

To learn more about how trusts could help your clients plan for UK inheritance tax, view the additional information on our trusts and trustee service page or call our Customer Support team on +44 (0) 1624 643 345.

(Telephone calls may be recorded)

You and your clients can choose the investment approach from our two options:

Guided Architecture

  • Guided Architecture offers you and your clients access to a select range of funds, which cater to a wide variety of attitudes to risk

Open Architecture

  • Have the freedom to choose from the thousands of funds available from some of the world’s leading investment management groups and banks
  • You can also manage your client’s portfolio using an investment platform, or you could outsource it to a discretionary manager

If your clients choose Open Architecture from the start or switch to it at any time, they won’t be able to change to Guided Architecture later.

Fund search

Evolution is for individual, corporate, trustee and joint investors over the age of 18. There’s no maximum age, and it’s available in a choice of pounds sterling, US dollars or euros.

Evolution is designed for UK residents.

The minimum investment amounts are:

£15,000, US$30,000 or €22,500 if your clients choose our Guided Architecture fund ranges

£50,000, US$100,000 or €75,000 if your clients choose to use
Open Architecture

If they’re resident in the UK, your client can also invest more money at any time they want, subject to a current minimum of £5,000, US$10,000 or €7,500. There’s no maximum investment amount.

Find the information you need to service and act on investment changes for your clients. You can:

  • Produce pre-sale illustrations
  • Create valuations showing what your clients’ bonds are worth
  • Switch between different funds
  • Show your clients their investments online

Online Illustrations

Once you’ve registered, illustrations are quick and easy to produce. And, using the search facility, you can find any illustrations you’ve already saved quickly and easily. You can also download a print quality version to email on to your clients.

To get an illustration, register with or log in to Utmost online.

Product Literature

You can find Evolution literature in our literature library. Or you can get started now by downloading our client-friendly Product Guide.

PRODUCT GUIDE

Expert Help, a Phone Call Away

We’re here to talk through the options available. Get in touch with us on

+44 (0) 1624 643 345

or talk to your Regional Sales Manager. Please note that we might record your call to help us improve the service we give you.