Information for Third Party Providers (TPPs)

Life insurance can help to mitigate IHT exposure, which may exist in any of the following scenarios:

  • IHT is payable at 40% on assets above a nil-rate-band of GBP 325,000 or GBP 650,000 for a couple
  • It is payable by UK domiciled and deemed domiciled individuals on worldwide assets and non-domiciled individuals on UK situs assets
  • IHT is due on all UK property regardless of any structure, even for non-UK resident individuals
  • Gifts are generally treated as potentially exempt transfers, but if the donor dies within seven years, the gift may be taxable
  • Where beneficiaries are young and/or gifting is not appropriate
  • Life insurance is often cheaper than IHT

With respect to the Directive (EU) 2015/2366 of the European Parliament and of the Council on Strong Customer Authentication and Common and Secure Open Standards of Communication supplementing the Revised Payments Services Directive (PSD2) and the Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and Common and Secure Communication (CSC), Credit Suisse has implemented a PSD2 API which enables certified third parties (TPPs) providing account information (AIS), payment initiation services (PIS) and funds confirmation services to access Credit Suisse client accounts (XS2A).

Where estates contain substantial assets, such as family businesses and landed estates, equalisation between beneficiaries can be problematic. A life insurance policy can be gifted to one beneficiary, ensuring other assets remain in place and beneficiaries receive a cash benefit at the point of death.

To access the Credit Suisse PSD2 API technical specification as well as related documentation please visit the Credit Suisse PSD2 Developer Portal via: https://api-portal-psd2.credit-suisse.com


Summary of the specification:

Detailed technical documentation:

Protects the family financially against the sudden death or illness of a family member.

Protects the family financially against the sudden death or illness of a family member.

To access the testing environment please visit the Credit Suisse PSD2 sandbox via:

To access the production environment please visit the Credit Suisse PSD2 Developer Portal via:

The key performance indicators are accessible here:

This document was produced by Credit Suisse Group AG and/or its affiliates (hereafter “CS”). It has been prepared solely for information purposes. This information sheet does not and is not intended to constitute legal or regulatory advice and parties wishing to seek legal or regulatory advice in relation to any of the matters raised in this information sheet should do so from independent legal advisors. The information provided herein was produced by CS with the greatest of care and to the best of its knowledge and belief. The information and views expressed herein are those of CS at the time of writing and are subject to change at any time without notice. They are derived from sources believed to be reliable.
This information sheet has been prepared on the basis of information and regulatory guidance or requirement available as of the date of this information sheet and such information and/or guidance or requirement is subject to change at any time. CS does not express any views as to third parties obligation to comply with PSD2 or other regulation metionned in this information sheet.