Origin of Trusts

Discretionary Trust

Published / Last Updated on 18/08/2016

Video explores the use of a discretionary trust when inheritance tax planning for future generations, the powers of trustees and possible periodic charges and chargeable lifetime transfers if accumulated money gifts are higher than the inheritance tax nil rate band.

Related Videos

On Attendance Allowance or DLA? Protect Wealth with DPI Trust

On Attendance Allowance or DLA? Protect Wealth with DPI Trust

Over the festive season many of us have time to contemplate the year that was i.e., 2023 and the year to come, 2024. We are no different. 2023 was a ...

3m5d

Trusts

Advisers Must Access HMRC Trust Registration Information

Advisers Must Access HMRC Trust Registration Information

If you have a trust, you will already be aware that most trusts need to be registered with HMRC on its Trusts Register. See BTN_SECONDARY_VIDEO:1814 Included in the Finance Bill 2023 ...

> 1y

Trusts

Spousal By-Pass Trust for Pensions

Spousal By-Pass Trust for Pensions

Pensions are Already in a Trust Master Trust - Most UK pension schemes such as personal pensions, self invested pensions, stakeholder pensions, company money purchase schemes and workplace pensions are ...

> 1y1m

Trusts

Got A Trust? 99% of Trusts Must Now Register With HMRC

Got A Trust? 99% of Trusts Must Now Register With HMRC

Important Changes to the Trust Registration Service – Possible Action Required As you may already be aware, new legislation came into force on the 6th October 2020 requiring all existing ...

> 1y9m

Trusts

Flexible Power of Appointment Trusts Laws 2006 and 2008

Flexible Power of Appointment Trusts Laws 2006 and 2008

A Power of Appointment trust sometimes known as a Flexible Trust is a trust, usually used for life insurance plans, whereby the beneficiaries are defined as a class e.g., ...

> 1y4m

Trusts

Flexible Power of Appointment Trust Change Set Aside 2022

Flexible Power of Appointment Trust Change Set Aside 2022

As explained in an earlier video: What is a Power of Appointment Trust? BTN_SECONDARY_VIDEO:1896 A Power of Appointment trust sometimes known as a Flexible Trust is a trust, usually used ...

> 1y4m

Trusts

HMRC Trust Registration Service Open Gateway Account

HMRC Trust Registration Service Open Gateway Account

Step 1 - Set up the Gateway Account for the Trust Trustees of multiple Trusts will need to create a separate gateway account for each Trust they act for. These ...

> 1y9m

Trusts

HMRC Trust Registration Service Register The Trust

HMRC Trust Registration Service Register The Trust

Step 2 – Complete the HMRC 'Trust Registration Service': Registration of the Trust You will need to sign in to the Gateway Account using the unique User ID sent to ...

> 1y9m

Trusts

New Trust Registration Rules 2022

New Trust Registration Rules 2022

In a previous video a couple of years ago we warned you about HMRC’s new Trust Register and the need for certain types of trust that needed to register ...

> 2y1m

Trusts

Pilot Trust Changes

Pilot Trust Changes

HMRC is looking to close the loophole around pilot trusts. The way they are looking to close this loophole is by making it so all of your discretionary trusts ...

> 10y5m

Trusts

Are Pilot Trusts Redundant?

Are Pilot Trusts Redundant?

Some eight years ago in 2013, we issued a video explaining how the use of pilot trusts work for inheritance tax planning and then a second video that HMRC ...

> 2y4m

Trusts

Pilot Trusts Explained

Pilot Trusts Explained

You can make gifts to a discretionary trust today, however if you go over the nil rate inheritance tax allowance you create an inheritance tax liability today. There is ...

> 10y5m

Trusts

Protection Trusts Exempt from Trust Registration Service

Protection Trusts Exempt from Trust Registration Service

Previously, as part of the 5th Money Laundering Directive, the Government, via the Treasury, had said that non-investment based trusts must register with HMRC under the Trust Registration Service ...

> 4y2m

Trusts

Put Insurance in Trust on Probate Fees Increase

Put Insurance in Trust on Probate Fees Increase

Probate fees increase from April 2019, we take a look at why it is so important to put life insurance cover in trust to plan for huge probate fees increases....

> 5y5m

Trusts

Winding up a Trust Termination of a Trust

Winding up a Trust Termination of a Trust

How to wind up a trust, video offers the basics of the termination and wind up of a trust including discretionary trust wind up....

> 5y9m

Trusts

Taxation on Trusts

Taxation on Trusts

Video explores how taxation affects trusts such as discretionary trusts and discretionary Will trusts set up in a Will with regard to income tax....

> 6y9m

Trusts

Using a Will Trust in your Will to protect your property and investments from means tests and to ensure loved ones inherit your hard earning money....

> 7y2m

Trusts

Video looks at structure and uses of a Bare Trust, sometimes known as an Absolute Trust. When to use a bare trust, who the beneficiaries are and what are ...

> 7y8m

Trusts

Origin and Introduction to Trusts

Origin and Introduction to Trusts

Video explains the origins of trusts and introduces some basic terms such as settlor, trustee, beneficiary and reasons for using a trust....

> 7y8m

Trusts

Flexible Interest in Possession Trust

Flexible Interest in Possession Trust

Video looks at the flexible options for an interest in possession trust to change beneficiaries and its tax efficiency and also the watch out for when tax charges could ...

> 7y8m

Trusts

Bereaved Children Trust 18 to 25 Trust

Bereaved Children Trust 18 to 25 Trust

Video explores the position when children are left money in a Will or if no Will under letters of administration when a parent dies. Trust, death and taxation position ...

> 7y8m

Trusts

Disabled Trust Vulnerable Person Trust

Disabled Trust Vulnerable Person Trust

Video explores the special tax privileges for a disabled trust, a vulnerable person trust or a bereaved child trust. Income tax, capital gains tax, inheritance tax,...

> 7y8m

Trusts

Putting Life Insurance In Trust

Putting Life Insurance In Trust

Video explores why you should put a life insurance policy in trust to get money to loved ones quicker, selecting beneficiary types and the actual, named beneficiaries. It may ...

> 8y7m

Trusts

Life and Critical Illness Insurance Split Trust

Life and Critical Illness Insurance Split Trust

Video explains the use of a split trust for a combined life insurance with critical illness insurance policy....

> 8y8m

Trusts

Vulnerable Trust Disabled Trust Personal Injury Trust

Vulnerable Trust Disabled Trust Personal Injury Trust

Video explores the basics for a tax privileged trusts for Vulnerable people, the disabled, personal injury compensation and a bereaved child trust....

> 9y

Trusts

Videos Channels

Our Financial Advice Fees Quotes and Shop

Money Tips Cost of Living & Covid

Cost of Living & Covid

Markets & Alerts

Markets & Alerts

Expat & Offshore

Expat & Offshore

At Retirement Options for Pensions

Options At Retirement

Pension Transfers

Pension Transfers

Green Inv ESG SRI

Green Inv ESG SRI

Law, Wills, Attorneys

Law, Wills, Attorneys

Politics and Economy

Politics & Economy

Origin of Trusts