Discounted gift trust launched by Sterling

Zurich IFA group's investment arm Sterling is launching a discounted gift trust this month, an inheritance tax avoidance wrapper for use with its Sterling Investment Bond. Designed for investors who need a regular income, the trust offers an immediate reduction in potential inheritance tax liability by effectively removing the income portion from the initial capital. The person establishing the trust, the settlor, does so using a cash sum referred to as the initial gift for inheritance tax purposes. Under the trust, the settlor retains the right to receive a regular cash payment for th...