Tax Wrappers

woman on beach wrapped in towel

We offer a comprehensive range of tax wrappers to meet your clients’ needs - for now and in the future.

You can apply for the accounts below through the Zurich Intermediary Platform.

  • Junior products

    Junior stocks and shares ISA 

    Features and benefits

    • Tax efficient gifting between generations (normal inheritance tax rules apply, including if the donor dies within 7 year, the gift will be within their estate). Use available annual gifting allowance (£3,000) for each payer (free of any future IHT)
    • Any returns generated within a Junior ISA are free of income or capital gains tax and don’t count towards the child’s tax allowance
    • Given the long-term nature of the investment (up to 18 years), the Junior Stocks and Shares ISA offer the ability to accrue an amount of savings for a family member or loved one.

    Application

    Eligibility

    This account is only available within a Zurich Junior Portfolio. A registered contact can open an account for a child. The child must:

    • be aged 17 or under, and:
    • have been resident in the UK for tax purposes for the last six months if their country of origin is not subject to UK tax
    • not already hold a junior stocks and shares ISA or Child Trust Fund, and if they do, intend to transfer its value to the Zurich Junior Stocks and Shares ISA
    • have not exceeded the overall junior ISA limit taking into account any payments made to a junior Cash ISA.

    Charging

    The Zurich Portfolio charge is a percentage charge based on the value of the assets under administration in the client’s Zurich Portfolio. Cash held in the Zurich Junior Stocks and Shares ISA does not attract the charge or contribute to its calculation.

    For more information on our charges, take a look at our ‘Easy to understand charges- at a glance’.

    The risks

    As with all investments, there is some risk involved.

    • The value of the account can go down and the child may get back less than invested
    • The level of risk and potential investment performance depends on the assets invested in
    • If you are transferring from a cash ISA, your client should be aware of the increased risks associated with a Junior Stocks and Shares ISA
    • Changes to tax law may affect the tax benefits of the account
    • Charges may increase in future.

    Managing the account

    Keep your clients' account in check and up to date.

    Taking money out of an account

    Rules for junior ISA’s do not allow withdrawals from the account.

    Transferring the account when the child reaches 18

    The Junior Stocks and Shares ISA will convert to a Zurich Stocks and Shares ISA when the child reaches 18. The child will then be able to access the account as per the terms of a standard stocks and shares ISA, including regular and one-off penalty-free withdrawals.

    Closing an account

    If your client cancels the Junior Stocks and Shares ISA within 30 days it will be treated as not taken out and they will still be able to take out another Junior Stocks and Shares ISA in the same tax year with us or a different ISA manager. Any refund of payments will be returned to the registered contact.

    After the cancellation period ends, all contributions are treated as gifts and cannot be returned.

    If your client’s child passes away, any tax advantages of the Junior Stocks and Shares ISA will end, but there is no loss of tax exemption on interest, dividends or gains which arise before the date of death. We will pay the proceeds as set out in the Zurich Portfolio Terms and conditions.

    Investment options

    Mutual funds

    Model Portfolios

    Cash

    Junior retirement account

    Features and benefits

    • Enables the child to benefit from tax relief on the contributions to the Junior Retirement Account
    • Gives your clients the opportunity to provide a retirement income for their child.

    Application

    Eligibility

    This account is only available within a Zurich Junior Portfolio. A registered contact can open an account for a child. The child must:

    • be aged 17 or under, and:
    • have been resident in the UK for tax purposes for the last six months if their country of origin is not subject to UK tax.

    Charging

    The Zurich Portfolio charge is a percentage charge based on the value of the assets under administration in the client’s Zurich Portfolio. For the Zurich Junior Retirement Account there is also an ongoing charge which is currently £75.00 each year. £18.75 is payable quarterly in arrears from available cash in the Retirement Account for as long as the account is open. If the account has pre and post retirement arrangements the ongoing charge will be split proportionately to the amount held in each.

    To launch our suite of junior products available through the Zurich Junior Portfolio, we’ll reimburse the £75 annual charge we take from Zurich Junior Retirement Accounts opened from 14 January 2019 until January 2021. For more information on this offer, please read our ‘Addendum to the Zurich Portfolio Terms and Conditions

    The risks

    As with all investments, there is some risk involved with the Zurich Retirement Account.

    • The value of the account may go down and the child may have less to provide a retirement income
    • The level of risk and potential performance depends on the assets invested in
    • The child’s retirement income may be less than expected if investment growth over the lifetime of the account or annuity rates at the time benefits are taken (or both) are lower than expected, or if your client reduces or stops payments to the account
    • Over time, inflation will reduce the buying power of money.

    Managing the account

    The account when the child reaches 18

    On the child’s 18th birthday, once we have the child’s authorisation, they will take control of their Zurich Portfolio and the Junior Retirement Account will become a Zurich Retirement Account.

    Taking money out of an account

    Clients can normally take benefits at any time from age 57, even if still working. If your client is suffering from ill-health, they may be able to take benefits earlier.

    Closing an account

    If your client changes their mind regarding the Junior Retirement Account, the account can be cancelled within 30 days of the customer receiving a cancellation notice. They can contact us by post at Zurich Portfolio Team, PO Box 1200, Cheltenham, GL50 9UP or by email at Zurichportfolioteam@uk.zurich.com

    If your client has taken out a Junior Retirement Account on behalf of a child and they die, the person who assumes parental responsibility for the child will need to take on responsibility for the account.

    Investment options

    Mutual funds

    Model Portfolios

    Cash

  • Stocks and shares ISA & Cash ISA

    Features and benefits

    • The tax-efficiency of an ISA makes it an excellent way for your clients to save towards their financial goals.
    • Arranging for ISA charges to come from your client’s Investment Account or Cash Account (for one-off Adviser Remuneration only) is a great way to add value to your clients as it can make a difference to their potential investment growth.
    • Your client can give you one cheque for the maximum ISA allowance plus any adviser remuneration.
    • Phasing a lump sum investment over a number of months is a well-established way to spread investment risk for your client.

    All Zurich ISAs on the Zurich Intermediary Platform are flexible ISAs. Your clients can deposit up to the £15,240 ISA limit (2016/17 tax year), as well as replace any withdrawals taken from the ISA in the tax year.

    What does this mean for your clients?

    Zurich's flexible ISA will allow your clients to replace withdrawals taken out of their ISA, without the replacement contributions counting towards their ISA subscription; giving them peace of mind that they can manage their money in a way that suits them. In addition, adviser remuneration which is treated as a client withdrawal can be replaced in their Zurich ISA to maximise their benefit from the ISA wrapper.

    Application

    Eligibility

    This account is only available within a Zurich Portfolio. Your client is eligible for this account if they:

    • are aged 18 years or over.
    • are a resident in the UK and have been for at least the last 6 months (for tax purposes).
    • have not have paid into another ISA of the same type in the current tax year.

    Charging

    The Zurich Portfolio charge is a percentage charge based on the value of the assets under administration in the client’s Zurich Portfolio. Cash held in the Stocks and Shares ISA and any assets detailed under the notepad do not attract the charge or contribute to its calculation.

    For more information on our charges please contact your Zurich Business Account Manager.

    The risks

    As with all investments, there is some risk involved.

    • The value of the account may go down and your client may have less to provide a retirement income.
    • The level of risk and potential performance depends on the assets invested in.
    • If you are transferring from a Cash ISA, your client should be aware of the increased risks associated with Stocks and Shares ISAs.
    • Changes to tax law may affect the tax benefits of the account.
    • Charges may increase in the future.

    Over time, inflation will reduce the buying power of money.

    Managing the account

    Keep your clients' account in check and up to date.

    Taking money out of an account

    You can arrange regular withdrawals monthly, quarterly, half-yearly or yearly. You can take one-off withdrawals from available cash in your clients account at any time.

    Transferring from the account

    You can transfer your client’s Stocks and Shares ISA at any time to another Cash ISA or Stocks and Shares ISA Manager either as cash transfer or re-registering the assets.

    If your client wishes to re-register the assets, you must register:

    • all the payments your client has made in the current tax year, or
    • some or all the value of the account from payments made in a previous year.

    Closing an account

    If you, or your client, change your mind regarding the Zurich Stocks and Shares ISA, the account will be cancelled within 30 days of the customer receiving a cancellation notice. You can contact us by post at Zurich Portfolio Team, PO Box 1200, Cheltenham, GL50 9UP or by email at Zurichportfolioteam@uk.zurich.com

    If your client passes away we will move the assets into the investment account. A spouse can elect to have the assets reregistered into their ISA under Additional Permitted Subscription (APS) rules.

    We can accept APS cash payments where the deceased ISA was held with a different provider.

    Investment options

    Mutual funds

    Model Portfolios

    Cash

    Documents

  • Retirement account

    Features and benefits

    • Enables your clients to benefit from tax relief on their payments.
    • Provide benefits to their beneficiaries if they die.
    • Gives your client a choice about how and when they can take retirement benefits.

    Application

    Eligibility

    This account is only available within a Zurich Portfolio. Your client is eligible for this account if they:

    • are aged18 years or over
    • are a resident in the UK and have been for at least the last 6 months (for tax purposes)

    Charging

    The Zurich Portfolio charge is a percentage charge based on the value of the assets under administration in the client’s Zurich Portfolio. For the Zurich Retirement Account there is also an ongoing charge which is currently £75.00 each year. £18.75 is payable quarterly in arrears from available cash in the Retirement Account for as long as the account is open. There is one charge irrespective of whether the account is pre or post retirement. If the account has pre and post retirement arrangements the ongoing charge will be split proportionately to the amount held in each.

    For more information on our charges please contact your Zurich Business Account Manager.

    The risks

    As with all investments, there is some risk involved with the Zurich Retirement Account.

    • The value of the account may go down and your client may have less to provide a retirement income.
    • The level of risk and potential performance depends on the assets invested in.
    • Your client’s retirement income may be less than expected if investment growth over the lifetime of the account or annuity rates at the time benefits are taken (or both) are lower than expected, or if your client reduces or stops payments to the account.
    • Over time, inflation will reduce the buying power of money.

    Over time, inflation will reduce the buying power of money.

    Managing the account

    Taking money out of an account

    Clients can normally take benefits at any time from age 55, even if still working. If your client is suffering from ill-health, they may be able to take benefits earlier.

    Transferring from the account

    You can transfer your client’s Retirement Account through cash value as part of cash in or by re-registering with another pension provider scheme.

    Closing an account

    If you, or your client, change your mind regarding the Zurich Stocks and Shares ISA, the account will be cancelled within 30 days of the customer receiving a cancellation notice. You can contact us by post at Zurich Portfolio Team, PO Box 1200, Cheltenham, GL50 9UP or by email at Zurichportfolioteam@uk.zurich.com

    If your client passes away, unless death benefit is held in a trust, we will pay cash value to your clients’ nominated beneficiaries either as :

    • a cash lump sum, or
    • yearly income via an annuity

    We also offer dependants a drawdown option so the beneficiary can move to a portfolio of their own.

    Investment options

    Mutual funds

    Model Portfolios

    Cash

    Documents

  • Investment account

    Features and benefits

    • The account provides access to a wide range of assets, giving savings the potential for capital growth and income.
    • Provides your client with a flexible means of investing and accessing their money.

    Application

    Eligibility

    Your client is eligible for this account if they are:

    • are aged 18 years or over
    • are a resident in the UK and have been for at least the last 6 months (for tax purposes)

    Charging

    The Zurich Portfolio charge is a percentage charge based on the value of the assets under administration in the client’s Zurich Portfolio.

    For more information on our charges please contact your Zurich Business Account Manager.

    The risks

    As with all investments, there is some risk involved with the Zurich Investment Account.

    • The value of the account may go down – and your client may get back less than they invested.
    • The level of risk and potential performance depends on the assets invested in.
    • Changes to tax legislation may affect the tax benefits of the account.
    • Charges may increase in future.

    Managing the account

    Keep your client's account in check and up to date.

    Taking money out of an account

    You can arrange regular withdrawals monthly, quarterly, half-yearly or yearly. You can take one-off withdrawals from available cash in your clients account at any time.

    Closing an account

    If you, or your client, change your mind regarding the Zurich Stocks and Shares ISA, the account will be cancelled within 30 days of the customer receiving a cancellation notice. You can contact us by post at Zurich Portfolio Team, PO Box 1200, Cheltenham, GL50 9UP or by email at Zurichportfolioteam@uk.zurich.com

    If your client passes away we will hold any assets until instructed to sell.

    Investment options

    Mutual funds

    Model Portfolios

    Cash

    Documents

  • Cash account

    The Zurich Cash Account is opened automatically when a Zurich Portfolio is opened. Zurich Cash Account interest rate

Contact us

Contact your Zurich Business Account Manager or call us on

Zurich Assurance Ltd

The Tri Centre, Newbridge Square, Swindon
SN1 1HN United Kingdom