The Discretionary Trust for OEICs is suitable for clients
- Whose estate is likely to be liable to inheritance tax on death, even if maximum use is made of exemptions, reliefs and the nil rate band
- Who are able to make an outright, irretrievable gift and have no requirement for access to the gifted amount or the income it generates
- Who want the flexibility to decide who should benefit, to what extent and when according to circumstances
- Who wish to avoid any delay in distributing the proceeds of their investment which may otherwise arise where probate (or confirmation) is required before payment could be made
- Who are prepared to accept the reporting obligations and the possibility of tax charges which apply under the relevant property regime for inheritance tax
- Who are willing to accept the income and capital gains tax consequences, and associated administration, that may arise where an OEIC is held in a discretionary trust
Features & benefits
Not for your client?
Take a look at our other Trust options.
The Discretionary Trust for OEICs enables your client to make a gift of a Scottish Widows OEIC to a wide ranging class of beneficiaries yet maintain flexibility and control over who gets what and when.
The Discretionary Trust for OEICs is designed exclusively for use with the Scottish Widows OEIC.
Literature
Download application forms, key features, adviser and client guides from our Discretionary Trust for OEICs 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
