Prudential has launched a discounted gift trust, supported by a series of calculators to help IFAs h...
Prudential has launched a discounted gift trust, supported by a series of calculators to help IFAs highlight the potential tax implications of the product.
Richard Leeson, head of international investment at Prudential, said the calculators would allow advisers to show their client the potential tax bill they would face depending on factors such as investment returns, changes to the nil rate band and inflation.
The discounted gift trust, targeted at UK domiciled clients, is offered on a discretionary basis only. There are four investment choices, including offshore and onshore bonds, and the client can take an income of up to 5% a year for 20 years, up to 100% of their original investment.
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client