Trustee's guide to reducing your admin headache

HM Revenue & Customs suggests the following: Trustees should always keep the following documents: Bank statements for current and deposit accounts. Confirmation of interest paid into bank or building society accounts. National savings bonds or certificates. Certificates issued by life assurance companies. Dividend vouchers from companies, OEICs and unit trusts. Stockbroker reports and record of dividends. Details of expenses paid. Details of all taxes paid by the trust. The trustees of a discretionary trust should record income payments to beneficiaries. If t...