Discounted Gift Trust

Reduce inheritance tax and enjoy a fixed income

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

Discounted Gift Trust client guide

Discounted Gift Trust client guide

Adviser guides

Client guides

Discretionary Discounted Gift Trust Deed

Application forms

Key Features Documents

Key Information Documents

Policy Provisions

Anti-Money Laundering Submission Sheet

AML Submission Sheet New Business

Fund switch and redirection form (UK)

Fund switch and redirection form (UK)

Investment Administration Form [IOM]

Dealing Instruction form [Ireland]

Dealing Instruction (Dublin)

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Useful links

Segment Calculator

Trust solution tool

Wide variety of DGT solutions

The underlying investment can be held in one of three jurisdictions at outset.
- Select Account DGT – UK-based
- Delta and Premiere Discounted Trust Accounts – Isle of Man-based
- Premiere Europe Discounted Trust Account - Ireland-based
- Select DGT offers a fettered range of UK insured life funds
- Delta Discounted Trust Account offers a fettered range of offshore insured life funds
- Premiere and Premiere Europe Discounted Trust Accounts offer true open architecture including access to 000s of funds, 50+ investment platforms, 150+ discretionary investment manager links and the Segregated Portfolio Service.

Frequently asked questions

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.
You can choose to set up a Premiere or a Premiere Europe Discounted 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.

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Key documents

Support guides

Discounted Gift Trust client guide

Adviser guides

Client guides

Bare Discounted Gift Trust Tax Notes

Discretionary Discounted Gift Trust Tax Notes

Creating a new Discounted Gift Trust

Bare Discounted Gift Trust Deed

Discretionary Discounted Gift Trust Deed

Application forms

Key Features Documents

Key Information Documents

Policy Provisions

Anti-Money Laundering Submission Sheet

Managing an existing DGT

Fund switch and redirection form (UK)

Investment Administration Form [IOM]

Dealing Instruction form [Ireland]

Adviser support

I want to...

Useful links

Wide variety of DGT solutions

Choice of Jurisdictions

Wide variety of investment options

Differing investment bonds

Frequently asked questions

Can the settlor(s) be lives assured on the underlying investment bond?

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

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

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