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Home > Investments > Tax Efficient Investments

By Julia Bradshaw | Published Jul 05, 2012

WAY Group hits 1000th IHT trust

Mr O’Gorman said the majority of the plans are written by women, many of whom are widows who want to protect their estates.

He said: “The average age of a client when settling a trust is 73. At that age life expectancy for a male is 85 and for a female 87.”

He also said nearly 100 trusts have now passed through their qualifying period, saving clients £5.5m of inheritance tax.

He added: “The trusts were first offered in December 2003 and continue to be used by IFAs on behalf of their clients today.

“While there have been changes to surrounding legislation since the trusts were first introduced they remain as effective for IHT mitigation now as they were in 2003.”

The inheritance tax mitigation plans use collective investments and offer clients the chance to have controlled access to their capital. Through their trustees, clients can use the trusts to make loans or appointments to beneficiaries.

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