Continuing my theme of looking at how the new inheritance tax (IHT) regime on trusts will affect the...
Continuing my theme of looking at how the new inheritance tax (IHT) regime on trusts will affect the main packaged IHT products, this month retained interest trusts are examined. Retained interest trusts, or split trusts, are a popular plan that work by investing a lump sum into a trust that is split between a portion held on flexible trusts for the settlor's named beneficiaries and a portion reserved for the settlor absolutely. Two versions exist, one where the portions are expressed as a percentage of the original lump sum and one where the retained portion is expressed as a fixed monet...
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