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FOR FINANCIAL ADVISERS ONLY

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Discretionary Trust - settlor excluded with a protection policy

A protection policy can be written on an own life or joint life second death basis to cover the Inheritance Tax bill on the estate. The policy can then be placed under trust, where the Settlor is excluded from benefiting so that the sum assured can be used by the beneficiaries to cover tax owed and release the estate.

Brochure – Your guide to UK inheritance tax and trusts 
Informer article – Discretionary Trust taxation

Visit the Trustability Hub for useful support materials about trusts.

Try out our Discretionary Trust Tax calculator which calculates the entry, periodic and exit charges associated with Discretionary Trusts.

Access the new Trust Form Finder for forms to set up a trust. Additional items can be found in the Literature Library.

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