- Explain how a Discounted Gift Trust is structured and set up
- Describe the initial and ongoing IHT implications of setting up a discounted gift trust
- Explain how the chargeable event regime applies to investment bonds held in Discounted Gift Trusts
- Identify clients who could benefit from using a Discounted Gift Trust as part of their IHT planning strategy.
Deconstructing the Discounted Gift Trust
About the Event
Inheritance Tax continues to be a hot topic, so it's important to consider all available options when creating a strategy to mitigate it. Discounted Gift Trusts are a useful tool which provide the opportunity to reduce the value of an estate while providing a regular payment stream for the settlor. However, this ability to “kill two birds with one stone” leads to a trust structure that is often misunderstood and misrepresented. In this session, M&G Technical Manager Neil Macleod examines the mechanics of the Discounted Gift Trust, the factors to consider when recommending one, and the pitfalls to watch out for.
CPD
The event qualifies for up to 90 minutes of Structured CPD accredited CII. By the end of the session you will be able to:
OUR SPEAKER
Neil Macleod
M&G Technical Manager
Neil has worked in financial services for over 15 years. Before joining M&G, Neil worked in various roles within a Bank and IFA environment. This has involved providing financial advice to individuals as well as support for advisers in paraplanning.
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M&G Wealth Advice as provided by M&G Wealth Advice Limited, registered number: 5739054.
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