Axa offers two versions of IHT trust

Originally an interest in possession (IIP) trust, the estate planning bond trust will now be available either as an absolute, or bare, trust principle and the other on a discretionary trust platform. While the IHT trusts are written under English law, they can still contain Axa’s offshore estate planning bond, based in the Isle of Man, to allow investors additional flexibility. Axa says it believes less than half of its IHT bond clients will be affected by the Budget changes. Its discretionary trust version is said to fall into the new IHT regime which incurs a 40% tax charge, however,...