SE relaunches its IHT-efficient trust offering flexible income

Scottish Equitable has re-launched its Reserved Interest Trust, following recent proposals in the UK Finance Bill that ensure that these types of trusts would not be affected by the new pre-owned asset tax. The trust is a discounted gift scheme that is generally used in conjunction with an offshore bond such as Scottish Equitable International's Dublin Investment Portfolio. It allows investors to take a regular withdrawal stream from an insurance bond while potentially reducing inheritance tax. Under the Reserved Interest Trust, the client sets up a trust and the trustees buy a bond, ...