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Help with trust rules
lockerbie35
Posts: 4 Newbie
Hi all
thanks in advance for your help.
a family member died recently and left their pension to bypass trust. (discretionary)
they also left their estate to a family trust. (discretionary)
my question is whether these trusts are connected from the tax allowances point of view.
thanks again
thanks in advance for your help.
a family member died recently and left their pension to bypass trust. (discretionary)
they also left their estate to a family trust. (discretionary)
my question is whether these trusts are connected from the tax allowances point of view.
thanks again
0
Comments
-
AIUI pensions are usually outside of IHT.
This might be better asked in the death and probate forum.0 -
their pension to bypass trust
Like this?
https://www.financialadvice.net/spousal_bypass_trust_explained/zone/7710
they also left their estate to a family trust. (discretionary)
https://www.gov.uk/trusts-taxes/types-of-trust0 -
yes like those links
if the funds are invested and make income/gains do they share the annual allowances?
thanks0
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