Standard Life Gift Plan celebrates first birthday

Money News

www.moneynews.co.uk > General finance > Standard Life Gift Plan celebrates first birthday

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Standard Life Gift Plan celebrates first birthday

The Standard Life Gift Plan, giving customers a way of donating money to beneficiaries, is celebrating its first anniversary.

Except for a brief period in the aftermath of this year's budget announcement, in which inheritance tax was affected, the plan has been available now for 12 months.

Beneficiaries who are too young to receive the funds are said to be ideal recipients of the funds which expand over time.

Customers can retain control of the gifts donated, which can also be set aside for unborn grandchildren, by becoming a trustee.

Julie Hutchison, estate planning specialist at Standard Life, said: "As Gift Plan celebrates its first birthday we are delighted that it continues to offer choice to customers and advisers. With the uncertainty over other areas of trust planning we are seeing renewed interest in this trust."

Inheritance tax is due from anyone whose estate is worth over £285,000 upon their death and Standard Life Gift Plan can give customers security when allocating their money to beneficiaries.

Related News : General finance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet