Legal & General Discounted Gift Scheme to be launched
www.moneynews.co.uk > General finance > Legal & General Discounted Gift Scheme to be launched
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Money News |
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Legal & General Discounted Gift Scheme to be launched
Thu 16th Nov 2006
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The Legal & General Discounted Gift Scheme is an amalgamation of both the Discounted Gift Trust and the Discounted Gift Portfolio Bond and it allows customers to make a gift of capital while they are alive that will then reduce the value of their estate.
Launched on November 20th, the IHT product will enable customers to choose between setting the beneficiaries of their estate when starting the scheme or allowing trustees to decide who claims the assets when the investor deceases.
Legal & General's director of bonds Meuryn Iorwerth stated: "The aim of Legal & General's Discounted Gift Scheme is to help people to make an investment in a way that is both effective for IHT planning and allows them to receive a regular flow of payments from some of their gift capital during their lifetime."
"Setting up our new Legal & General Discounted Gift Scheme is very straightforward and offers customers a choice of 250 funds in our Discounted Gift Portfolio Bond," he continued.
Legal & General has over 5.4 million customers and has operation in the US, France, Germany and the Netherlands as well as the UK.
Related News : General finance |
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Related News : Legal and General |
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