Prudential launches Absolute Discounted Gift Trust

The Absolute Discounted Gift Trust offers customers a potential immediate reduction in the client’s estate and a regular income, which may not qualify for any immediate income tax. The trust also gives customers the freedom to change the investment in the future and to make payments from the trust to meet tax charges if needed. Customers can also choose to make investments through onshore and international bonds. Richard Leeson, head of UK development at Prudential International, says: “With more people potentially falling into the IHT net, the need for fully independent inheritance tax ...