Royal Skandia launches Discounted Gift Trusts

Royal Skandia has launched a flexible Discounted Trust which is designed for UK inheritance tax planning. With a minimum investment of £25,000, the trust offers clients the opportunity to reduce their inheritance tax liability immediately and a cash sum, for the chosen beneficiaries. It has numerous charging structures and unlimited switching. Withdrawals can be made monthly, quarterly, half yearly and yearly. By retaining a right to future withdrawals, the value of the gift is reduced or discounted to minimise any potential tax liability. The amount of the discount will be dete...