Lincoln Financial Group has launched a new IHT-competitive Discounted Gift bond, allowing people to move money out of estates while still retaining income.
Linked to a Discounted Gift trust, the bond is targeted at people at retirement age, with an estate in excess of the current £312,000 nil-rate tax band. Split into two parts, the settlor's fund provides regular income until death provided there is adequate capital in the trust, while the remainder of the trust remains in the beneficiaries' fund and is distributed by the trustees upon death. Minimum investment is £25,000 and investors can invest in a maximum of six funds from the 21 available – with free switches. “This product helps investors reduce the amount of inheritance tax due on t...
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