Inheritance plans
Article Abstract:
A number of schemes can be used for tax planning in the UK. These include using life insurance policies in trust so that sums paid on death are not counted as part of the estate for tax planning purposes. Annuities can be used for older people who can purchase annuities and use income to pay premiums for a policy in trust. Loan trusts involve single premium bonds which can be used to defer income tax. A loan is made with no interest to trustees who purchase a bond that pays income. The growth of the bond is part of the trust and not part of an estate.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Promises of jam tomorrow
Article Abstract:
There area number of vehicles available for UK investors seeking to invest for children. Tax advantages can be gained by using children's tax allowances. National Savings certificates are available for children, and building society accounts also offer attractions, including free gifts for children. Friendly society policies are available but they do not bring good returns if cashed in early. Collective investment schemes can also offer good value.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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