Pensions, insurance and tax efficient investments

View Private Client by content type:

Featured Private Client content

Practice notes
The term 'relevant property' defines a category of trust property which is subject to a special regime for inheritance tax (IHT). As described in...
Read More >
Produced in partnership with Paul Davies of Clarke Willmott 9th Nov
Practice notes
On the face of it, there would appear to be no specific impediment, if there is no reason to suppose that a person is without capacity, in them...
Read More >
9th Nov
Practice notes
Offshore income gains (OIGs) are gains realised on the disposal of interests in offshore funds which are either:•non-distributor offshore funds, or...
Read More >
9th Nov
Practice notes
The issue of sham is most likely to be raised by the settlor's creditors or former spouse if the settlor is involved in matrimonial proceedings, who...
Read More >
9th Nov
Practice notes
A trust is formed either by lifetime gift or on death when a person (the settlor) transfers assets to another person or persons (the trustees) to hold...
Read More >
Produced in partnership with Mourant Ozannes and Carey Olsen 9th Nov
Practice notes
When trustees are engaged in trust litigation, issues often arise as to how their litigation costs are to be funded. A Beddoe application is the best...
Read More >
Produced in partnership with Kate Davenport QC of Outer Temple Chambers and Jovana Nedeljkov of Bankside Chambers 9th Nov
Practice notes
This Practice Note outlines Bermuda trust law and focuses upon its unique features and recent reforms, such as Bermuda's regime for private trust...
Read More >
Produced in partnership with Vanessa Lovell Schrum and Caljonah Smith of Appleby, Bermuda 9th Nov
Practice notes
This Practice Note provides guidance on Cayman Islands STAR trusts. For general information about the Cayman Islands, see Practice Note: Private...
Read More >
Produced in partnership with Mourant Ozannes and Carey Olsen 9th Nov
Practice notes
Where a beneficiary either:•is a minor (ie under the age of 18) and unmarried or•has attained majority or has married under that date but is required...
Read More >
9th Nov
Practice notes
Duration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules against remoteness of vesting and against the...
Read More >
9th Nov
Practice notes
Duty to distribute to the correct beneficiariesOn the termination of the trust, the trustees are under a duty to distribute the trust assets to the...
Read More >
9th Nov
Precedents
This Deed of Appointment is made on [date] by [trustee] of [address] and [trustee] of [address] (the Trustees).Background(A)This Deed is supplemental...
Read More >
9th Nov
Precedents
This partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
Read More >
9th Nov
Practice notes
Liferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both, in the trust property...
Read More >
Produced in partnership with Peter Murrin of Turcan Connell 9th Nov
Practice notes
An offshore trust is any non-UK resident trust. The liability of trustees of an offshore trust to UK inheritance tax (IHT) is not dependent on the...
Read More >
Produced in partnership with Jenny Wilson-Smith and Emma Haley of Boodle Hatfield 9th Nov
Practice notes
Express creation of trustsA trust is constituted expressly where the owner of property (the truster) transfers property to trustees to hold for...
Read More >
Produced in partnership with Yvonne Evans, Law Lecturer, Solicitor (non-practising), TEP, University of Dundee 9th Nov

Most recent Pensions, insurance and tax efficient investments content

Practice notes
Overview of the types of death in service benefits and their tax treatmentThere are three types of death in service benefit:•the registered group life...
Read More >
Produced in partnership with Keith Bruce-Smith and Katie Walsh of Sinclair Gibson LLP 29th Nov
Practice notes
Brexit impactAs of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
Read More >
Produced in partnership with John Hayward, Pensions author 29th Nov
Practice notes
Individual savings accounts (ISAs) are tax-free funds in which UK residents can hold a range of different investments. Originally, these were cash or...
Read More >
Produced in partnership with Tolley Guidance 29th Nov
Practice notes
Government policyFor many years as part of government policy the establishment in the UK of private pensions in addition to state pensions has been...
Read More >
Produced in partnership with John Hayward, Pensions Author, and Wyn Derbyshire of Gunnercooke LLP 29th Nov
Practice notes
This Practice Note looks at the benefits which are payable where a member of an occupational or personal pension scheme dies before retirement without...
Read More >
Produced in partnership with John Hayward, Pensions Author, and Wyn Derbyshire of Gunnercooke LLP 29th Nov
Practice notes
Overview of the use of life insurance in estate planningLife insurance or life assurance can be an important tool in estate planning. This Practice...
Read More >
Produced in partnership with Keith Bruce-Smith, Judith Robertson and Katie Walsh of Sinclair Gibson LLP 29th Nov
Practice notes
This Practice Note looks at the benefits which are payable where a member of an occupational or personal pension scheme retires. It explores the...
Read More >
Produced in partnership with John Hayward, Pensions Author, and Wyn Derbyshire of Gunnercooke LLP 29th Nov
Practice notes
Membership of an occupational or personal pension scheme affords the opportunity to utilise the tax reliefs available during working life to save for...
Read More >
Produced in partnership with John Hayward, Pensions Author, and Wyn Derbyshire of Gunnercooke LLP 29th Nov
Practice notes
Defining life insurance trustsA life insurance trust usually involves either:•an assignment of an insurance policy together with a declaration of...
Read More >
29th Nov
Practice notes
In the UK the overwhelming majority of pension schemes in the private sector, ie both occupational and personal pension schemes, are established under...
Read More >
Produced in partnership with John Hayward, Pensions Author, and Wyn Derbyshire of Gunnercooke LLP 29th Nov
Practice notes
Accrual rateThe rate at which pension benefit increases as pensionable service is completed in a final salary scheme, eg 1/60 for each year of...
Read More >
Produced in partnership with John Hayward, Pensions author 29th Nov
Q&As
Case studyWhere shareholders of a private company had an intention and mutual understanding to write life and critical illness policies in trust for...
Read More >
29th Nov
Q&As
The basic rule is that, where there are two or more trustees, they must act jointly. This rule is a corollary of the rule that trustees cannot...
Read More >
29th Nov
Q&As
In order to establish the parent’s duties towards the minor beneficiary, it will be necessary to consider in detail the Child Allowance Award...
Read More >
29th Nov
Q&As
Help to buy ISAs were introduced from Autumn 2015 as a tax-free cash account aimed at encouraging first-time buyers to save for a UK residential...
Read More >
29th Nov

Popular documents