Ooops I meant is a "Discounted Gift Trust" a good idea or not?
Answers:
Whilst agreeing in the main with comments given. Independents can and do offer the best advice as they are not dependent on a sale to generate commissions. The discounted scheme is an excellent tax efficient vehicle if properly used to mitigate inheritance tax, provided capital is used and not just plied up in savings accounts. Also make sure the scheme is underwritten this will avoid surprises later when the estate is under scrutiny by the dear old tax man
Most certainly. It provides an element of control and income potential together with an IHT reduction depending on age. Advice can be obtained from any adviser authorised in this area. Please do not believe that IFA's are the sole source of advice or more knowledgeable than others. Many multi - tied advisers are as highly qualified and can provide greater protection to the client as they are attached to a large group (which makes it easier to sort out if anything goes wrong).
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