8. The Perpetuities and Accumulations Act 2009.

The Perpetuities and Accumulations Act 2009 has made still further changes to the law of perpetuities. Its primary provisions came into force on 6 April 20101. It applies only to instruments which take effect after the commencement of the Act2 and to wills which are executed and take effect after commencement3. There are five main features of the law of perpetuities introduced by this Act, which are as follows.

  1.  

    (1)     There is a single mandatory perpetuity period of 125 years which acts as a long-stop for settlors and testators4. This statutory perpetuity period applies regardless of what the instrument