Gift Trust

For those who wish to make outright gifts.

Transferring assets into a gift trust enables the settlor(s) to transfer assets from their estate, the value of which, will be outside of the estate for inheritance tax (IT) purposes, providing the settlor survives seven years from the date of the transfer. Any growth in the value of the transfer is outside of the estate immediately.

Summary of benefits

  • The ability to make a gift to a trust, potentially reducing exposure to inheritance tax (IHT).
  • Control over who will receive benefits and when (discretionary version).
  • Flexibility to add or remove beneficiaries at any time (discretionary version).
  • Can be used with existing policies.
  • Absolute and discretionary versions available.