The Bypass Trust is suitable for clients who
- Are UK resident
- Are members of a pension scheme (personal or occupational) where the scheme administrators or trustees have discretion over the payment of death benefits to another settlement
- Want their spouses or civil partners and children to be able to benefit from lump-sum death benefits without those benefits forming part of their beneficiaries' estates for inheritance tax purposes
- Want to combine inheritance tax savings with tax-efficient investment
Features & benefits
Not for your client?
Take a look at our other Trust options.
- Where the Bypass Trust is established with a nominal amount, the trustees will not usually need to consider investment until the pension death benefits become payable
- Onshore and offshore life insurance investment bonds currently offer significant tax and administrative benefits to trustees of discretionary trusts
- Additional tax savings may be possible in respect of investment profits where the trust is established with a larger sum for immediate investment into an onshore bond
- This is then topped-up with death benefits when they become payable
View fund factsheets, fund prices and fund performance.
Literature
Download application forms, key features, adviser and client guides from our Bypass Trust literature.
Tools and calculators
Our online tools and calculators can help you make clear recommendations, including reports to support your recommendations and an audit trail for compliance purposes
