What is your Business Protection Trust?
For protection policies only. This information is for financial advisers only. It mustn't be distributed to, or relied on by, customers.04 November 2019
Business trusts are still one of the most useful arrangements for partnership and shareholder protection. They’re a tax-efficient way of making sure that the ongoing partners or shareholders have the funds available to buy the business interest of the outgoing partner or shareholder.
Our Business Protection Trust(Opens new window) can be used for business succession planning. It can’t be used for key person cover.
Trusts establish legal rights and entitlements and might have material financial and tax implications for the Settlor, Trustees and Beneficiaries. Aegon UK isn't 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 clients' requirements. Our trusts have been drafted for use by UK domiciled individuals.