Discounted Gift & Income Trust (DGIT)

Why choose Scottish Widows Trusts?

We aim to provide flexibility by offering a choice of fixed or flexible trusts, single or joint settlor investment. We also provide a protector option with our flexible trusts as well as a wide range of support material to provide you and your clients with continued support throughout the lifetime of the trust.

Fixed DGIT Flexible DGIT


Benefits of Discounted Gift & Income Trusts

  • The potential to reduce inheritance tax liabilities whilst aiming to provide an income for life (subject to sufficient capital remaining).

Why use our Discounted Gift & Income Trust?

  • Choice of flexible (discretionary) or fixed (absolute) Trust
  • Trustees aren't locked into a particular investment or product provider
  • Our basis for calculating potential discount has been agreed with HMRC
  • Wide range of investment funds
  • RDR friendly product charging options
  • Choice of underwriting options including full and concurrent underwriting
  • Ability to set up the Trust with an existing policy
  • Comprehensive range of supporting material and expert technical support

Download our sales aid

Fixed or flexible Trust?

Click on the below to find out more information about each Trust.

Trust basisClient suitabilityProduct information

Fixed DGIT

For a fixed interest (absolute) basis.

Suitable for clients who have

  • already decided how any remaining capital should be distributed
  • are certain who they want as beneficiaries
  • want to take advantage of the potentially exempt transfer regime

Trust overview

Features & benefits

All literature

Flexible DGIT

For a flexible (discretionary) basis.

Suitable for clients who want to

  • decide how any remaining capital should be distributed
  • option to make changes to beneficiaries
  • protector option to add an extra level of control

Trust overview

Features & benefits

All literature

 

More information

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Scottish Widows Limited. Registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655.

Scottish Widows Unit Trust Managers Limited. Registered in England and Wales No. 1629925. Registered Office in the United Kingdom at Charlton Place, Andover, Hampshire SP10 1RE. Tel: 0345 300 2244. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 122129.

HBOS Investment Fund Managers Limited, registered in England number 941082. Registered office in the United Kingdom at Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 119223.

Scottish Widows Bank is a trading name of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.

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