Can a trust hold or invest in a General Investment Account (GIA)?

Potentially yes, but you'd need to get legal advice to do this. We'd also recommend getting tax advice as well.

We have the following three draft trust deeds available for use:

Each of these draft trusts can be used to allow the trustees to hold or invest in a GIA on the Aegon Retirement Choices (ARC) platform.

The settlor can create a Bare Gift Trust or a Discretionary Gift Trust by:

  • Making a cash gift to allow the trustees to invest in a GIA
  • Transferring investments from their GIA to a GIA held by the trustees, or
  • Transferring investments held with another provider to a GIA held by the trustees

The Discretionary Loan Trust is created by the settlor lending a cash sum to the trustees for them to invest in a GIA.

Trusts aren’t regulated by the Financial Conduct Authority.

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