Can the settlor be a trustee of the discretionary gift trust?

Yes, from a trust law perspective the settlor can be a trustee, as long as an impartial trustee is also appointed. However, there are good inheritance tax reasons why this should be avoided.

How does the VAT treatment of discretionary management fees differ for the Premiere Europe Discounted gift Trust Account?

For the Premiere Europe Account the Irish Revenue Commissioners have confirmed that discretionary fund management services are not chargeable to VAT under the Value Added Tax Consolidation Act 2010. This is provided that the assets being managed are classed as a pooled fund portfolio bond and not a highly personalised bond. For the Premiere Account, VAT is usually chargeable on discretionary fund management fees. The exact status of VAT depends on the service being provided and to who – you’ll need to make sure you’re satisfied with the final VAT position.

What’s the difference between life assurance and capital redemption?

You can choose to set up a Premiere or a Premiere Europe Discounted gift trust Account on either a life assurance or capital redemption basis. Life assurance bond With this type of bond, you can choose to insure the lives of up to six people. The death benefit is paid on the death of the last life assured and the bond is closed. This basis includes an element of life cover so the bond is disregarded for long-term care assessment, unless deliberate deprivation rules apply. Capital redemption bond With this option there are no lives assured. Instead, the bond continues for a fixed term of 99 years, and will pay out a guaranteed maturity value at the end of the term (unless you choose to close it sooner). This basis does not have any life cover so it is included in long-term care assessment.

Discounted Gift Trust

Reduce inheritance tax and enjoy fixed, regular payments.

The discounted gift trust (DGT) could be ideal for those looking for Inheritance Tax (IHT) planning and fixed, regular payments. Provided you live for at least seven years after the creation of the trust, the value of the gift moves out of your IHT estate. Any growth on the investment is outside of your estate from day one.

Find all the documents you need for our Discounted Gift Trusts. You can find more information on the different investment solutions below, or on the individual product pages.

Key documents

Key Features Documents

Key Information Documents

Policy Provisions

Delta Discounted Gift Trust Account Policy Provisions

Anti-Money Laundering Submission Sheet

AML Submission Sheet

Bare Discounted Gift Trust Deed

Bare Discounted Gift Trust

Discretionary Discounted Gift Trust Deed

Currently unavailable

Fund switch and redirection form (UK)

Fund switch and redirection form (UK)

Dealing Instruction form [Ireland]

Dealing Instruction for all Entities

Discounted Trust Planning Application

Discounted Trust Planning Application

Premiere Discounted Gift Trust Account Key Features Document

Premiere Discounted Gift Trust Account Key Features Document

Premiere Discounted Gift Trust Account Key Information Document

Premiere Discounted Gift Trust Account Key Information Document

Premiere Discounted Trust Account Suitability Letter

Settlor/donor questionnaire for a personal discounted gift valuation

Settlor/donor questionnaire for a personal discounted gift valuation

Premiere Europe Discounted Gift Trust Account application (CLIAI)

Premiere Europe Discounted Gift Trust Account Key Features Document

Premiere Europe Discounted Gift Trust Account Key Features Document

Premiere Europe Discounted Gift Trust Account Key Information Document

Premiere Europe Discounted Gift Trust Account Key Information Document

Premiere Europe Discounted Gift Trust Account Suitability Report

Premiere Europe Discounted Gift Trust Account Suitability Report

Settlor/donor questionnaire for a personal discounted gift valuation

Bare Discounted Gift Trust

Bare Discounted Gift Trust

Discounted Trust Account Bare Trust Tax notes

Discounted Trust Account Bare Trust Tax notes

Discretionary Discounted Gift Trust

Discretionary Discounted Gift Trust

Discounted Trust Account Discretionary Tax Notes