Standard Life enhances estate planning proposition

Until now the majority of life office trusts, including Standard Life's, only permitted onshore and offshore bonds to be held in a trust wrapper, the assurance giant claimed. This latest amendment will enable individuals to save on a monthly or one-off basis into a unit trust or OEIC, and benefit from any growth in the value of the funds being outside the individual's estate for IHT purposes. The capital value of the gift falls outside the individual's estate after seven years. Customers can take advantage of multi-investment wrapper and multi-trust planning when looking to: make use ...