Deferred Discounted Gift Trust
For those considering a discounted gift trust who currently hold a Friends Provident International offshore bond, our discounted gift trust deed for existing policies may be suitable.
Summary of benefits
- Immediate reduction in the transfer value for IHT purposes by way of a discount.
- The settlor has the right to receive fixed regular cash payments during their lifetime or until the death of the surviving settlor in the case of joint settled trusts.
- Ability to benefit from the previously accumulated tax deferred allowance, potentially allowing for an tax efficient income stream in excess of 5% per annum.