Revert to Settlor Trust

The Revert to Settlor Trust is available for use with existing Regular Savings Plans. It ensures that any benefits payable in the event of the settlor's death are held outside the settlor's estate for his or her chosen beneficiaries, while the maturity benefit (and any critical illness benefit payable under the plan) is held for the settlor.

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Key points

  • For use with existing Regular Savings Plans only
  • Discretionary trust for wide class of beneficiaries
  • Regular premium payments usually exempt gifts if made out of surplus income
  • Death benefits held outside settlor's estate for inheritance tax purposes
  • Maturity benefits and critical illness benefits (if any) held for the settlor with no gift with reservation issues
  • No scope for settlor to access funds prior to policy maturity date
  • Joint or single settlements
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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.

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