first life companies relaunch trust ranges prior to passing of july finance act
Axa Isle of Man and Canada Life International (CLI) are the first life companies to relaunch their inheritance tax (IHT) planning offering, despite many urging caution until the Finance Act is passed in July. Axa and CLI have added absolute/bare and discretionary trusts to their ranges. However, both said they would keep clients informed if there were any further changes to legislation. An absolute/bare trust gives the client no flexibility in changing beneficiaries, while a discretionary trust enables individuals to place a lump-sum for their dependants into a discounted gift trust. ...
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