5.6bn. 3bn A COMMON PROBLEM. 2.3bn THE INGENIOUS SOLUTION

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1 abc ESTATE PLANNING THE OVERVIEW WE ARE

2 WELCOME TO INGENIOUS ESTATE PLANNING At Ingenious, we believe that preparing for changing circumstances is a cornerstone of sound financial planning especially when it comes to protecting the legacy you are creating for your loved ones. The unavoidable truth is that without careful planning, inheritance tax can erode the value of your estate for your family. And the greater your financial success, the greater their potential burden. We have designed the Ingenious Estate Planning family of discretionary investment management services to protect your estate from inheritance tax quickly and efficiently, while enabling you to retain control as you plan for the future. Your financial adviser will offer guidance on which of the services in our Ingenious Estate Planning portfolio provides the right solution for you. However, if you have any questions about these services and your options in the meantime, please contact us on WHY INGENIOUS? For more than 15 years, investors have chosen Ingenious to manage their funds. In that time, we have raised and deployed more than 9 billion, including over 800 million in BPR qualifying investments. At Ingenious, our goal is to provide our clients with simple and effective solutions to some of the key financial planning challenges they face, from a firm that they can trust to manage their money carefully. OUR BUSINESS PRINCIPLES OUR COMMITMENT TO YOU Providing straightforward solutions to financial planning and investment challenges Careful management of your funds under a strategy designed to preserve value and deliver steady growth Understanding risk and client objectives and managing investments accordingly Managing client money with the same level of care we expect for our own investments Backing our judgment and investing our money alongside our clients Transparency and a dedicated team to support your investment needs Control for you over your investment Neil Forster Chief Executive, Ingenious Investments

3 A COMMON PROBLEM Providing financial security for your family is one of life s central goals. But without careful planning, inheritance tax (IHT) can have a significant impact on the value of your estate. Today, the value of your estate above 325,000 (for an individual, or 650,000 for a married couple) will typically be subject to tax at 40% on your death - regardless of the financial position of your beneficiaries. However, it is possible to protect some or all of your estate from IHT and preserve its value for the benefit of your loved ones. THE INCREASING IMPACT OF IHT bn bn Sources: The Office for National Statistics/HM Treasury bn Note: The Institute for Fiscal Studies has added that the numbers of those paying IHT are also poised to quadruple, from just 2.6% of those dying in the 2009/10 tax year to 10% in 2018/19. THE INGENIOUS SOLUTION Ingenious Estate Planning is a family of discretionary investment management services designed to protect your investment from IHT by investing in companies that qualify for business property relief (BPR). While each service is designed to cater for the particular circumstances or objectives of an investor, each uses the same BPR based investment strategy. This means that an investment in an Ingenious Estate Planning service will be exempt from IHT after just two years without asking you to sacrifice control over your estate. WHAT IS BPR? BPR is a UK tax relief introduced in 1976 to enable business owners to pass shares in unquoted trading companies from generation to generation without being subject to IHT. Shares in BPR qualifying companies become 100% exempt from IHT once they have been held for two years; considerably less time than is required with most other estate planning strategies. BPR is commonly used by private investors as an effective tool for estate planning. Ingenious is one of the largest managers of BPR qualifying investments for private investors.

4 INGENIOUS ESTATE PLANNING IN ACTION THE IMPACT OF IHT ON A 1M ESTATE No estate planning 250k IEP investment 350k IEP investment OTHER ASSETS PROPERTY PROPERTY PROPERTY IEP OTHER ASSETS OTHER ASSETS IEP 140k IHT 40k IHT 0 IHT Net value to beneficiaries: 860k Net value to beneficiaries: 960k Net value to beneficiaries: 1m Note: This illustration of a 1 million estate assumes a 650,000 nil rate band applies and is based upon the value of an IEP investment at death. THE BENEFITS OF INGENIOUS ESTATE PLANNING Each Ingenious Estate Planning service provides a solution developed to meet specific later life planning goals. However, all of the services are designed to deliver the following key estate planning benefits: The value of your investment should be fully exempt from IHT after only two years. Other methods can take up to seven years. You retain beneficial ownership of your investment and access to your funds. Other methods can require you to give up control of your assets. Efficiency Control Why Ingenious Estate Planning? Transparency Protection Your investment will be managed under a carefully designed investment strategy. You will be provided with regular investment updates and access to a dedicated support team. Simplicity A conservative investment strategy designed to preserve and carefully grow the value of your investment. No restrictions on health, age or occupation. Subject to customary checks required by law, your investment should be complete shortly after application.

5 CHOOSING YOUR SERVICE Each Ingenious Estate Planning service provides you with an investment that you own and control, managed by Ingenious under an investment strategy designed to deliver steady growth and preserve capital value. All you have to do is decide which services are most suited to your needs. IEP CLASSIC IEP CARE IEP PRIVATE PROBLEM Typically, 40% tax liability on estates in excess of 325,000 (or 650,000 for a married couple) Typically 40% tax liability on estates in excess of 325,000 (or 650,000 for a married couple) It is estimated that 1 in 3 women and 1 in 5 men will spend time in long term care* 1 in 10 people, at age 65, face lifetime care costs of over 100,000** Typically, 40% tax liability on estates in excess of 325,000 (or 650,000 for a married couple) Complex estate planning objectives requiring a bespoke solution SOLUTION A simple and flexible investment service designed to help you maximise the value of your estate on death by protecting the value of your investment from IHT after just two years An investment service that provides the benefits of IEP Classic, but is specifically designed to help you plan for potential care costs: access your investment should you need to fund care, protect whatever you don t withdraw from IHT A tailored investment service that provides the benefits of IEP Classic, but also offers you the flexibility to build and adjust your investment allocation to suit your personal goals ADDITIONAL FEATURES Enhanced liquidity for care fees Access to independent care guidance Select and adjust investment allocation COMPATIBILITY Most suited for combination with IEP Care Most suited for combination with IEP Classic or IEP Private Most suited for combination with IEP Care MINIMUM 50,000 50, ,000 * Caring for our Future: Reforming Care and Support, HM Government, July ** Fairer Care Funding - Report of the Commission on Funding of Care and Support, July 2011.

6 MANAGING YOUR INVESTMENT Our investment strategy for each Ingenious Estate Planning service is designed to preserve capital value and deliver steady growth. Your funds will be invested into BPR qualifying companies overseen by Ingenious that operate in our core sectors of media, clean energy and real estate. The companies selected by Ingenious will operate under a trading strategy that focuses on activities that: demonstrate clearly defined, predictable returns follow transparent, well understood business models suit our focus on capital preservation and steady growth With an investment in an Ingenious Estate Planning service, you can be sure that your funds are being managed carefully and professionally under a strategy designed to preserve the value of this part of your estate for the benefit of your loved ones. Your investment The IEP Service Lending on residential development projects backed by full security over the properties. Real Estate Media Clean Energy Acquiring, operating and lending to renewable energy assets backed by strong cashflows and index-linked returns. Asset backed lending on media projects BE INGENIOUS We always recommend that you take suitable professional advice before deciding if an investment in IEP Classic is suitable for you. If you have any questions about IEP Classic, or would like a copy of the brochure and investor agreement, please contact us and ask to speak to a member of our Client Relationship Team.

7 THE FINE PRINT Full details of each of the Ingenious Estate Planning services is provided in the relevant service brochure and investment agreement, available from your financial adviser or upon request from Ingenious. Potential investors should consider the relevant Ingenious Estate Planning brochure(s) in full and seek advice from a suitable professional adviser before deciding whether to proceed. RISK FACTORS An investment in an Ingenious Estate Planning service involves an element of risk and may not be suitable for all potential investors. Factors that may impact level of returns and the availability and timing of relief and realisations for investors include: The performance of the BPR companies The Manager (defined below) being able to identify appropriate BPR companies which carry on, and continue to carry on, a BPR permitted activity Changes to tax, particularly the bases of taxation, tax relief, rates of tax or an investor s tax position The level of available liquidity within the underlying companies and opportunities for market purchases of shares Past performance is not a guide to future performance and may not be repeated The value of an investment in one of the Ingenious Estate Planning services can go down as well as up and you may not get back the full amount invested. IMPORTANT INFORMATION This document is issued by Ingenious Capital Management Limited (the Manager), which is authorised and regulated by the Financial Conduct Authority in the United Kingdom. The Manager is the investment manager of the Ingenious Estate Planning services referred to in this document (each of which is a Service). The content of this document is subject to the provisions of the relevant brochure and investor agreement for each Service published by the Manager, as amended and/or supplemented from time to time. The terms of the relevant brochure and/or investor agreement shall prevail in the event of a conflict between the terms of this document and the brochure and/or investor agreement. Any decision by a potential investor to invest in a Service should therefore be made only on the basis of information contained in the relevant brochure and/or investor agreement and not on this document. Nothing contained in this document is intended to be, nor should it be construed as being investment, legal, financial or tax or other advice by the Manager. If you are in any doubt about the content of any of the brochures and/or this document and/or any action you should take, you are strongly recommended to seek advice immediately from a financial adviser authorised under the Financial Services and Markets Act 2000 who specialises in advising on opportunities of this type. Potential investors should seek their own professional advice on the taxation consequences of investing in a Service. Your attention is drawn to the section headed Risk Factors in the relevant brochure. All statements of opinion or belief contained in this document or in the relevant brochure and all views expressed, statements made and all projections and forecasts regarding future events or the anticipated future performance of a Service represents the Manager s own assessment and interpretation of information available to it as at the date of the relevant brochure. No representation is made, or assurance given, that such views, statements, projections, forecasts or anticipated future performance are correct, attainable or complete or that the objectives of a Service will be achieved. The views, statements, projections, forecasts and anticipated future performance are based upon various assumptions and estimates which involve significant elements of subjective judgement and analysis and which are subject to uncertainties and contingencies. Actual results could differ materially from those set forth in such projections, views, statements, forecasts and anticipated future performance. The value of an investment can go down as well as up and you, or your beneficiary, may not be able to get back the full amount invested. Prospective investors must determine for themselves what reliance (if any) they should place on such statements, views or forecasts, and no responsibility is accepted by the Manager in respect thereof. abc INVESTMENTS 15 Golden Square London W1F 9JG hello@ingeniousinvestments.co.uk