Sterling Discretionary Discounted Gift Trust introduced
www.moneynews.co.uk > General finance > Sterling Discretionary Discounted Gift Trust introduced
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Sterling Discretionary Discounted Gift Trust introduced
Fri 6th Oct 2006
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The Sterling Discretionary Discounted Gift Trust has been developed to give customers greater choice and flexibility such as changing beneficiaries at any time.
Intermediaries and their clients will benefit from two gift trusts offered by Zurich following the launch of the Sterling Discretionary Discounted Gift Trust.
The difference between the existing Sterling Discounted Gift Trust and the new gift trust lies in the fact that the beneficiaries cannot be altered on the former so the latter will cater for those customers wanting the added flexibility.
Paul Wright, Zurich's investment management director, remarked: "IHT [inheritance tax] planning is an increasingly important area of the financial planning process and the new trust has been designed to complement our existing range of trusts, providing advisers and their customers with a range of market leading solutions."
Inheritance tax is the tax levied on an individual's estate at the time of their death. It only applies to estates worth in excess of £285,000 and is paid on anything above this amount.
Related News : General finance |
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Related News : Zurich |
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