FundsNetwork has launched an excluded property trust targeted at non-UK domiciliaries.
The trust is likely to be particularly appealing for clients who may become UK domiciled in the future or who have UK domiciled beneficiaries. In some instances, it may be used by UK domiciled clients who receive an inheritance from a non-Domiciled benefactor. It can be used in conjunction with the FundsNetwork International Bond, or onshore and offshore collectives.
The range of FundsNetwork trusts now available include bare and discretionary versions of discounted gift, gift and loan trusts, a will trust and the new excluded property product.
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body
Also plan to scrap NI on contributions
Eight-week high against US dollar
Lower cost option for advisers