Royal Skandia has launched a flexible Discounted Trust which is designed for UK inheritance tax plan...
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 determined by factors such as level of premium, withdrawals, age sex and state of health. Withdrawals can be selected as a fixed percentage of the premium.
The settlor also has the flexibility of picking underlying funds from Royal Skandia range of investment funds to suit their investment risk and reward needs.
For more information call Royal Skandia on 01624 611 715
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