16th May 2022
Talking Trusts – Access v Control v IHT (1 hour 42 mins)
1 hour 40 mins CPD
While the nil rate band and residence nil rate band frozen until the 5th April 2026 this doesn’t mean the value of your client’s assets will do the same. For those who are concerned about IHT delaying taking any action is only going to increase their IHT bill, decreasing the amount of the estate that can be passed onto family on death.
Through the use of a case study, M&G Wealth Technical Manager Neil Macleod looked at how using standard "off the shelf" trusts can help your client get the correct balance of access, control and tax savings to deliver the maximum amount of wealth to the next generation.
After taking part in that session you should now be able to:
- Explain the tax treatment of gifts into trust.
- Calculate the amount of available nil rate and residence nil rate band your clients have
- Evaluate different types of trust to meet clients intergenerational planning objectives