Only few weeks left to change Flexible trusts

clock

Trustees have less than a month to change the beneficiaries of flexible trusts bought before March 2006 or face new IHT implications which kick-in on 6 October.

The decision to change beneficiaries, who receive income from the trust, will vary from client to client, according to Standard Life' s Julie Hutchison, estate planning specialist. She previously said the change in rules presents a great opportunity for trusts where the trust interest can now be passed down to the next generation. “Some trustees will deliberately want to wait to change the income beneficiaries after 6 October so that the new rules apply, the result being that the value of the trust assets is no longer aggregated with the estate of the beneficiary. "There is no hard an...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

What advisers need to know as SpaceX fuels space investing interest

What advisers need to know as SpaceX fuels space investing interest

WisdomTree’s Mobeen Tahir unpacks the space economy theme

Professional Adviser
clock 14 August 2026 • 1 min read
How markets have developed in 2026 so far

How markets have developed in 2026 so far

'Active allocation does not mean constant trading or short-term market calls'

James Flintoft
clock 12 August 2026 • 3 min read
How sustainable funds have beaten the index this year

How sustainable funds have beaten the index this year

'ESG funds benefit from access to some of the livelier parts of the market'

Ian Aylward
clock 10 August 2026 • 3 min read