Does our Declaration of trust for a Relevant Life policy contain a continuation option?
For protection policies onlyWed Feb 15 13:11:00 GMT 2017 Back to results
Yes. If the employee changes job, the trust provisions allow a subsequent employer to take over the funding of the premiums, with the policy continuing to qualify as a relevant life policy.
Trusts establish legal rights and entitlements and might have material financial and tax implications for the Settlor, Trustees and Beneficiaries. Aegon UK is not authorised to provide legal advice, so you should take your own legal advice before setting up a trust, to make sure that it meets your requirements. Our trusts have been drafted for use by UK domiciled individuals.