Skandia adds to DGT scheme

Skandia International has launched two new versions of its Discounted Gift Trust (DGT) scheme through Royal Skandia, its Isle of Man-based business. The trusts include a bare version and a discretionary option. The trusts have been added to support Skandia International's range of offshore investment bonds available in the UK following the Finance Act 2006. The aim is to ensure advisers have the flexibility to meet their clients' individual financial planning needs. DGTs enable a client to immediately reduce their liability to inheritance tax (IHT), while still retaining a right to withdr...