What is your Relevant Life trust?
For protection policies only19 November 2019
When setting up a Relevant Life policy, holding it in trust from the start helps to make sure that it meets the legislative conditions of a relevant life policy - in particular, to make sure that the benefits are only payable to an individual or charity and the policy is tax efficient. That's why we'll only accept applications for Relevant Life policies that are to be held in trust.
We offer a discretionary Relevant Life trust for use with our Relevant Life policy. You can declare a trust using our signature-free Relevant Life trust or our paper Declaration of trust for a Relevant Life policy.
Your guide to our Relevant Life trust(Opens new window) provides more information.
Trusts establish legal rights, obligations and entitlements and might have material financial and tax implications for the settlor, trustees and beneficiaries. Aegon UK isn't authorised to provide legal or tax advice, so you should take your own legal and tax advice before setting up a trust, to make sure that it meets your requirements. Our trusts have been drafted for use by UK-resident and UK domiciled individuals.