Who is the settlor of the declaration of trust for a relevant life policy?

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As the employer applies for a relevant life policy on the life of the employee and places this in trust, the employer will generally be the initial settlor of the trust.

If the employee leaves the employment of their employer and they then wish to take over the payment of the premiums personally the employee will also be a settlor of the trust and will have to be removed as a beneficiary to protect the IHT benefits of the trust.