FUNDSNETWORK is launching two new loan trusts as part of its Multi-Assets Trust range aimed at aiding inheritance tax planning and boosting the platform's mass market appeal.
The Bare Loan Trust and Discretionary Loan Trust enable investors to reduce the taxable value of their estate by freezing the value of their assets held in the trust. This means any future growth is considered to be outside of their estate and for the benefit of beneficiaries but they will still retain access to their capital because the loan can be repaid at any time. These latest product additions mean FundsNetwork is now offering five trust options to the market. A month ago it unveiled the Bare Gift Trust, Discretionary Gift Trust and Discretionary Will Trust. David Dalton-Br...
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