How to apply

Before you apply

Before proceeding to the application stage you should ensure that your client wishes to set up a Flexible Discounted Gift and Income Trust, which is on a discretionary basis.

Should they wish to establish the trust on an absolute basis, please look at our Discounted Gift and Income Trust (creating fixed trust interests).

Please also ensure your client has read the important notes for applications.

 

The application stages

Our Trust completion guide will help you through the process.

Step 1

  • For full in-advance underwriting, a completed health questionnaire should first be submitted (see postal details in step 3)
  • Once this has been received a projected discount will be provided where possible. If the projected discount is acceptable the application stage moves to stage 2.

Step 2

The following items should accompany the application

  • Confirmation of verification of identity of the settlor(s) and all additional trustees
  • Copy of illustration
  • Cheque for investment amount 
    • Payable to ‘Scottish Widows Limited – [settlor’s name]’

Step 3

  • Send your applications by post to:

Scottish Widows
PO Box 28117
15 Dalkeith Road
Edinburgh
EH16 9AN

Step 4

  • Policy documents will be issued to the trustees.

This trust is also offered on a concurrent/no underwriting basis. Please speak to your usual sales contact if you wish to proceed on either of these options.

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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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