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Umbrella Asset Trusts
stringer_bell
Posts: 414 Forumite
anyone has experience with these? I was told by someone on another forum that savings/investments can be held under these with no tax to pay on interest etc
Are they actually legal? Google does not come up with anything unless it has a more technical name
Are they actually legal? Google does not come up with anything unless it has a more technical name
0
Comments
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bump for any info0
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i'm not sure what kind of trust that means. trusts can sometimes reduce tax, or least defer paying it until money is actually withdrawn. this definitely requires professional advice. running costs may be high. generally only useful for ppl with more money than they will ever spend, who are concerned with passing as much of it on to future generations as possible.
that was all deliberately vague, as it can be complex, and i am not an expert.0
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