Tax planning is an essential part of financial advice. Setting an investment up in trust or transferring existing investments into trust can be used as a key tool for the management of capital gains and inheritance tax (IHT) planning.
While trusts are often associated with the very wealthy, trust planning can be used in many different situations and can help your clients to protect and manage their assets tax-efficiently.
A client might be looking to provide for their loved ones, protect an inheritance for their family, or provide for elderly relatives.
Trust features
- It should help ensure those who matter can access the investment quicker without the delay of having to obtain probate.
- Pass on as much of a client's estate as possible to loved ones, due to possible IHT savings.
- Make sure a client's wealth is passed on to those of their choosing.
Our trust range for use with a general investment account (GIA)
We have three trust deeds your clients can use with a GIA on the Aegon Platform.
All references to taxation are based on our understanding of current taxation law and practice in the UK, which may change.
Trusts establish legal rights and entitlements and might have material financial and tax implications for the settlor, trustees and beneficiaries. We aren't authorised to provide legal advice, so your clients should take their own legal advice before setting up a trust, to make sure that it meets their requirements. Our trusts have been drafted for use by UK domiciled individuals only.
The value of tax relief depends on the individual circumstances of the client.
Setting up a trust investment in a GIA - where trustees invest in a GIA, it will be registered in the name of the trust, with the trustees as authorised signatories.
Trust application forms - when setting up a trust investment, please use the relevant form(s) from Our trust range for use with GIA.