Top tips on trusts and pensions

1. What type of trust would you use with regards to a pension lump sum? In order to retain favourable inheritance tax treatment a pension trust will normally be discretionary in nature. However there are a couple of ways of using trusts in conjunction with pension lump sum death benefits. The first is by using an integrated trust and the second is by considering a pilot trust. 2. What is an integrated trust? An integrated trust can be used where the terms of a registered pension scheme e.g. a personal pension scheme (fully insured or self-invested) allow a lump sum death benefit ...